The pitfalls of home ownership
Language: English Series: Taxation ; 128(3337) 23 January 1992, 394-397(4)Publication details: 1992Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS45798 (Browse shelf(Opens below)) | 1 | Available | 55102-1001 |
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.