I have been trading from my freehold shop and basement for many years.
If I decide to let the premises to other business and receive the rent,am I right to understand
a)I have upto 3 years to sell the freehold to claim 10%CGT
b)Understanding 7 years rule,I can hand over the freehold to my family and not pay CGT and avoid IHT.
c)Or the business asset becomes investment asset as soon as I stop trading.
With regards.
Trying to Make Best Use Of Business Asset Allowance
1 post • Page 1 of 1
Trying to Make Best Use Of Business Asset Allowance
by shaner01 on Thu Aug 26, 2010 3:20 pm
- shaner01
- Posts: 34
- Joined: Wed Aug 06, 2008 3:52 pm
1 post • Page 1 of 1
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