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Where Taxpayers and Advisers Meet

Search found 6 matches

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by anty
Thu May 23, 2019 11:37 am
Forum: Property Taxation
Topic: CGT on a plot with planning permission
Replies: 2
Views: 1406

Re: CGT on a plot with planning permission

Thanks for the reply. I do have an accountant / tax advisor that handles my limited company, but they aren't helping too much on these points so I am looking at moving on! I will investigate the entrepreneurs relief in due course, but my main query for now is whether I would be charged CGT in either...
by anty
Wed May 22, 2019 4:47 pm
Forum: Property Taxation
Topic: CGT on a plot with planning permission
Replies: 2
Views: 1406

CGT on a plot with planning permission

I am hoping someone could help me with the following query: I bought a property with a single house on it 6 years ago. I then passed planning permission to demolish this house and replace it with 2 detached houses. 3 years ago I built one of the planned houses and currently live in it. The entire pl...
by anty
Fri Nov 14, 2014 9:12 am
Forum: Property Taxation
Topic: Tax Implication on a new build
Replies: 3
Views: 713

Tax Implication on a new build

I am planning some building work and would like advice if possible! I have bought a property which I have been living in for two years. I plan to demolish the existing dated bungalow and build two detached houses, one of which I plan to live in. Now I understand in the act of demolishing I lose the ...
by anty
Mon Mar 31, 2014 10:25 am
Forum: Capital Gains Tax, CGT
Topic: CGT and VAT implications on 2 new house builds
Replies: 8
Views: 1081

Re: CGT and VAT implications on 2 new house builds

Could anyone help me further on how the sums would work for getting part relief, or doing an apportionment excercise? I have summed up my two options again, adding in approximate values, as it may be easier to illustrate with them included! Thanks I currently live in an unmodernised 3 bedroom detach...
by anty
Mon Mar 03, 2014 11:39 am
Forum: Capital Gains Tax, CGT
Topic: CGT and VAT implications on 2 new house builds
Replies: 8
Views: 1081

Re: CGT and VAT implications on 2 new house builds

Another option would be to build against the existing 35 house, resulting in 2 semi-detached houses. As I am not demolishing 35 and have lived in it, would that give me PPR relief? 35 Would be renovated though and a loft room added. Also my understanding in this case I could zero rate VAT for the ne...
by anty
Tue Feb 25, 2014 12:31 pm
Forum: Capital Gains Tax, CGT
Topic: CGT and VAT implications on 2 new house builds
Replies: 8
Views: 1081

CGT and VAT implications on 2 new house builds

I am currently looking at the possibility of demolishing an existing bungalow on our property and building two new detached bungalows. We currently live in the existing, to be demolished, bungalow (no. 35) and aim to move into the new, no. 35A, bungalow when its completed. As I understand I should b...

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