Share this content
3

CGT

CGT

Didn't find your answer?

If an individual purchases a shop for say £25km in 1980, used it to trade from within their business until 1990, then rented the property out and stops trading, am I right in the following:

no Indexation allowance as the gain is proceeds less MV at Mar 82?

Also entrepreneur's relief not available?

Replies (3)

Please login or register to join the discussion.

By Steve Kesby
28th Jul 2014 09:28

Yes...

... you are right. You seem to be confusing pounds and kilometres though.:)

I assume that the property is rented to a third party, rather than, say, the individual's personal company?

Thanks (0)
By johngroganjga
28th Jul 2014 09:59

Just to clarify, the reason why there is no indexation allowance is that it was abolished for individuals several years ago.

Thanks (0)
avatar
By Jigs
28th Jul 2014 16:27

Lol Steve, many thanks for this. Yes unfortunately it was rented to a third party so no associated disposal possible here.

Thanks (0)
Share this content

Related posts