Hi,
Commercial Investment property is rented to tenants from last 20 years
When the leases are expire this year the owner is thinking to run his own business either as a sole trader or through Ltd company with 100% shareholding.
If after two years running the business, the business is sold with the property or separate disposal of business and property.
The following question is require,
- Will the Entrepreneurs relief (ER) available on gain on the property.
-If ER is available, will it be on the whole gain or time apportion means only for 2 years since the owner occupy for his own business.
Many thanks in advance.
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