Working out how much capital gains tax (CGT) is due on the goodwill of an accounting firm that has been sold can be tricky, but a recent tribunal may help.
capital gains tax
Do any members have any information on whether there are any CGT reliefs when selling a buy-to let domestic property, when another property is bought as replacement.
A relation of mine owns a rental property that they jointly owned with their husband for about 7 years.
Owners of stately homes are a fairly rare breed but those that open their doors to the public will be considering whether they can benefit from a recent Court of Appeal Case.
Excuse first post..
We are about to sell a business asset and have incurred costs in doing so (legal fees, business adviser fees, travel and so on).
I own a couple of properties in London, one of which was main main private residence until March 2012 (until 2 years back).
Suppose X bought £100,000 worth of ordinary shares in a private company and Enterprise Investment Scheme rules applied.
My client owns two properties. One (property 1) bought 17 years ago, lived in for six months and then rented out.
I would like others thoughts on an issue I have.
Property owned for 22 years and recently sold.
Basically lived in for 2 years at purchase = MAIN RESIDENCE RELIEF