CGT on property sale - part business use
05 December 2011, 08:51 PM
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CGT on property sale - part business use
When you sell a property which is mainly residential but part business use (attracting rental income), what proportion of the uplift in value is liable for CGT?
Floor or land area ratios? (complicated by different spec of building/land)
Rental income?
Surveyor opinion (whose surveyor, yours or the Inland Revenue?)
Floor or land area ratios? (complicated by different spec of building/land)
Rental income?
Surveyor opinion (whose surveyor, yours or the Inland Revenue?)
06 December 2011, 02:35 PM
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Hi john i am not a surveyor but a developer there was a thread discussing cgt a couple of weeks ago and i found this link very useful
http://www.hmrc.gov.uk/cgt/property/sell-own-home.htm#1
http://www.hmrc.gov.uk/cgt/property/sell-own-home.htm#1
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