The pitfalls of home ownership
Hutton, M.
The pitfalls of home ownership - 1992 - Taxation 128(3337) 23 January 1992, 394-397(4) .
Profits made on private residential premises used for commercial purposes may be liable for capital gains tax. Tax relief is exercised under the Capital Gains Tax Act 1979 ss101-105, but the provisions exclude commercial gains. This article explains the legal complexities.
BUSINESS USE
RELIEF
The pitfalls of home ownership - 1992 - Taxation 128(3337) 23 January 1992, 394-397(4) .
Profits made on private residential premises used for commercial purposes may be liable for capital gains tax. Tax relief is exercised under the Capital Gains Tax Act 1979 ss101-105, but the provisions exclude commercial gains. This article explains the legal complexities.
BUSINESS USE
RELIEF