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Where Taxpayers and Advisers Meet

buy to let taper relief

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geejay
Posts:2
Joined:Wed Aug 06, 2008 3:02 pm

Postby geejay » Fri Feb 14, 2003 12:00 am

Are buy to let properties business assets as far as CGT taper relief is concerned?. If not, what constitutes a business asset?
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Ian McTernan CTA
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Joined:Wed Aug 06, 2008 3:02 pm
Location:Bedford
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Postby Ian McTernan CTA » Sat Feb 22, 2003 12:00 am

No, they don't qualify. Property invesments generally don't qualify. Business assets defined on the Revenue's website- www.inlandrevenue.gov.uk.

Regards.

Ian McTernan CTA
email: ian@imcternan.com
McTernan Associates Ltd
Chartered Tax Advisers
Bedford
Email through link on website:
http://www.imcternan.com
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