"Do not rely on tax advice from a solicitor."

*cough*

Maybe "do not rely on tax advice from a solicitor who doesn't specialise in tax".

Of course!!

CGT probable on disposal of freehold to company.

SDLT payable on value of freehold to company.

SDLT payable by you on acquisition of leases.

CT payable by company on grant of leases.

IT payable by you if leases not granted at MV.

Do not rely on tax advice from a solicitor.

But it is not solely your workspace. It’s also your wifes workspace. It’s also your gym. There is no identifiable part of the expense that relates solely to your business.

One is a colloquialism, the other explains the law. Both (usually) give the same answer. Husband buys asset for £100,000. His costs are £5,000. He gives asset to wife. The value that gives rise to neither a loss nor a gain is £95,000. Wife doea not inherit the original cost nor the expens es. She si...

S38 tells you that the allowable cost includes the amount of consideration given by you for acquiring of the asset. That would be zero.

You cannot substitute market value.

Technically your acquisition cost is the value that resulted in no loss or no gain to your husband. You do not inherit his expenses, but the value that gives rise to no loss or gain will be net of expenses.

Both are likely to apply, depending on precise terms transaction.

As long as the leases all have more than 21 years to run, it won’t be regarded as holing a major interest in a dwelling.

https://www.gov.uk/hmrc-internal-manuals/stamp-duty-land-tax-manual/sdltm09780

There a lot of figures in that block of text, none of which relate to the capital loss. The loss on the disposal will be an allowable loss, . The write-off of the debt might be regarded as consideration for the disposal. If not, it might be regarded as income if the charges written off were included...

No. Expenditure must be exclusively for the purposes of the trade.

A crude test is to ask yourself if you would have incurred the cost if you were not self-employed. If you would, then the cost is not solely for the trade.