capital gains tax
17 August 2007, 11:37 AM
#1
Scooby Regular
Thread Starter
Join Date: Nov 2001
Location: sheffield
Posts: 4,093
Likes: 0
Received 0 Likes
on
0 Posts
capital gains tax
can anyone advise?
i have a shop, in which we let out,
i can't decide to remortgage it (interest at the moment is just under 10% )
or sell it, we still owe a tad bit under £60k,
its valued approx £100k
if we sell it how do we minimise capital gains tax
obviously i heard if we reinvest it, then we don't have to pay any
i have a shop, in which we let out,
i can't decide to remortgage it (interest at the moment is just under 10% )
or sell it, we still owe a tad bit under £60k,
its valued approx £100k
if we sell it how do we minimise capital gains tax
obviously i heard if we reinvest it, then we don't have to pay any
17 August 2007, 11:38 AM
#2
can anyone advise?
i have a shop, in which we let out,
i can't decide to remortgage it (interest at the moment is just under 10% )
or sell it, we still owe a tad bit under £60k,
its valued approx £100k
if we sell it how do we minimise capital gains tax
obviously i heard if we reinvest it, then we don't have to pay any
i have a shop, in which we let out,
i can't decide to remortgage it (interest at the moment is just under 10% )
or sell it, we still owe a tad bit under £60k,
its valued approx £100k
if we sell it how do we minimise capital gains tax
obviously i heard if we reinvest it, then we don't have to pay any
Full of experts who will advise over the Forum .
Regards
18 August 2007, 12:36 PM
#3
Scooby Regular
Join Date: Feb 1999
Location: Cardiff. Wales
Posts: 11,758
Likes: 0
Received 0 Likes
on
0 Posts
19 August 2007, 07:30 PM
#4
Scooby Newbie
Join Date: Jul 2007
Posts: 4
Likes: 0
Received 0 Likes
on
0 Posts
I think you are referring to " rollover relief " whereby you roll the capital gain over into something else . I don't think property investment qualifies , I believe it normally has to be shares in a company which has a qualifying trade.Ti me to consult an accountant?
Link removed
If you wish to advertise commercially on Scoobynet please contact
webmaster@scoobynet.co.uk or
shaun@scoobynet.co.uk to discuss Banner Ads or Scoobyshop
Link removed
If you wish to advertise commercially on Scoobynet please contact
webmaster@scoobynet.co.uk or
shaun@scoobynet.co.uk to discuss Banner Ads or Scoobyshop
Last edited by Dyney; 19 August 2007 at 08:15 PM. Reason: spelling
Thread
Thread Starter
Forum
Replies
Last Post
Wingnuttzz
Member's Gallery
30
26 April 2022 11:15 PM