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Where Taxpayers and Advisers Meet

Selling Property rented for commercial use

rohit_julka
Posts: 1
Joined: Sat Aug 24, 2019 8:30 am

Selling Property rented for commercial use

Postby rohit_julka » Sat Aug 24, 2019 8:38 am

Hi,
I have property which is rented out for commercial use but 5 year ago it was rented out as residential use. Now i am planning to sell that property but i am confused what CGT rate will apply on gain 10/20% or 18/28%, will there be PRR or LR will apply?


in which cases HMRC apply 10/20?

please advise

maths
Posts: 7553
Joined: Wed Aug 06, 2008 3:25 pm

Re: Selling Property rented for commercial use

Postby maths » Sun Aug 25, 2019 4:46 pm

As it would seem that the land included a dwelling the 18%/28% rates would I assume apply on sale.


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