Thanks, so if you bought a commercial property for say £400k, the SDLT would be the same (ignoring VAT) whether or not there was a tenant in there with a lease. Somehow, I thought this scenario, when there was a tenant with a lease would create a different calculation or maybe I am getting this confused when the tenant gets a new lease and has to pay SDLT based on the annual rent etc.
My answers
Thanks, so if you bought a commercial property for say £400k, the SDLT would be the same (ignoring VAT) whether or not there was a tenant in there with a lease. Somehow, I thought this scenario, when there was a tenant with a lease would create a different calculation or maybe I am getting this confused when the tenant gets a new lease and has to pay SDLT based on the annual rent etc.
Just want to be sure it wouldn't cause any potential issues for BPR or BADR.
Thank you, I really appreciate this.
10% of the income but not capital on exit.
It’s the son that has the OD DLA issue.
Thank you for replying. The Shares in the company would qualify for BPR.
Overdrawn loan account!
You have lost me! So do provide for the sale in full on exchange although project not complete?
Ah ok that is of course referring to a capital asset but we are talking about trading stock.
I was using unpaid shares as a an example