Caravan Site Disposal

Harry63 · Postby **Harry63** » Tue Sep 12, 2006 7:26 am

A caravan site is owned by an individual but developed by a company owned by the same individual. If the site is sold what are the CGT implications for both the individual and the company in terms allowable costs etc?

Simon Sweetman · Postby **Simon Sweetman** » Wed Sep 13, 2006 11:30 pm

The disposal would be of the land and the business, but the split between individual and company will depend on the company's rights of occupation : does it have a formal lease ?

Another crucial question is whether the sale of the freehold (by the individual will attract business taper relief, and that may depend on the type of caravan site it is - residential and holiday sites are different.

If you want to pursue this, you can contact me on simon.sweetman@btinternet.com