My wife and I run a Ltd company that owns a commercial property, and we have decided to close the company and sell the property (now valued at £1m) at the same time.
I’m trying to figure out the most tax efficient way of doing this.
We bought the property for £500k in 2014, and have improved it a lot.
Does the sale of the property qualify for BADR, does anyone know?
Or do we have to pay corporation tax on the profits from the sale, then income tax to get the money out of the company? Eek that’s a lot of tax!
Any advice gratefully received, thank you folks
