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Where Taxpayers and Advisers Meet

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by Was786
Mon Jul 18, 2016 2:26 am
Forum: Tax Investigations and Enquiries
Topic: Rental incone loss
Replies: 1
Views: 1049

Rental incone loss

Hi
I need some advice on rental income loss.

Can rental income loss on residual or commercial property can be claimed against capital gain? If yes under which circumstances??

Thanks.
by Was786
Mon Jun 20, 2016 12:53 am
Forum: Capital Gains Tax, CGT
Topic: CGT
Replies: 7
Views: 919

Re: CGT

Thank you for the explanation. In this case vendor had an arrangement of service charge at 6% per annum. How the transaction would have been treatment if eg the term were 8 or less than 8 years? Secondly how one can proof that capital expenditure has incurred on property??. Individual Spend 86k towa...
by Was786
Sat Jun 18, 2016 11:57 am
Forum: Capital Gains Tax, CGT
Topic: CGT
Replies: 7
Views: 919

Re: CGT

Thank you for the reply. I am little confused and need your advise. I have a case were individual sold a commercial property with consideration of 330,000. In actual he only received 150,000 and the remaining balance 180,000 will be paid to him over 15 years. The 180,000 is a private mortgage obtain...
by Was786
Fri Jun 17, 2016 2:44 pm
Forum: Capital Gains Tax, CGT
Topic: CGT
Replies: 7
Views: 919

CGT

Hi can you please help? I have a question relating to consideration the amount for consideration is 330k the seller of commercial property landed 180k to the purchaser as a mortgage term 6% for 15 year to buy the property. Now when it comes to work out CGT liability . Which amount do I have to take ...

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