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Where Taxpayers and Advisers Meet

defer cgt

geoffpw
Posts:3
Joined:Wed Aug 06, 2008 3:03 pm

Postby geoffpw » Sun Apr 27, 2003 7:42 am

I have a large cgt liability due to sale of property and would like to defer the tax by creating a company that has something to do with building or property - what options are available to me?
Geoff

Taxbar
Posts:1187
Joined:Wed Aug 06, 2008 2:19 pm

Postby Taxbar » Mon Apr 28, 2003 3:46 am

You will need to consider an EIS investment Company.

Pure Property Companies are excluded from EIS benefits and there are limits on the amount in terms of vlaue of a Co's asets that can be property.

Pubs, Children's Nurseries, Restaurants, Health Clubs, and other property related firms may be worth considering as some of these can still qualify for EIS.

You could also consider Enterprise Zone Property investments that qualify for 100% capital allowances. (These are properties in specially designated areas that government has introduced this incentive to revitalise.)


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