Sale of business plus property

Business complete with wholly owned trading property (premises) worth say ?500k for the lot.

Possible scenarios:

Values: Business Property

? ? 300 200 200 300 0 500

Assume the property was purchased recently for ?200k in all of the above examples. Does the way in which the values are apportioned make any difference to the final overall tax liability?

Reply to
Mike
Loading thread data ...

No because you have to use the open market value for the property in the accounts.

Peter Crosland

Reply to
Peter Crosland

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.