Sale of business plus property

Apr 24, 2005 1 Replies

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?


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

Peter Crosland

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