P paddyb Registered User Messages 14 16 Jun 2006 #1 Does anybody know if its possible to buy a S.23 / S.50 property in partnership with others and share the relief?
Does anybody know if its possible to buy a S.23 / S.50 property in partnership with others and share the relief?
B bazermc Registered User Messages 788 16 Jun 2006 #2 Yeah should be possible - dont see any reason why not
H Howitzer Registered User Messages 1,458 16 Jun 2006 #3 I would imagine that the relief would only be available to the partnership, that is only available to income on other properties owned by the partnership and not by the individuals involved in the partnership.
I would imagine that the relief would only be available to the partnership, that is only available to income on other properties owned by the partnership and not by the individuals involved in the partnership.
P paddyb Registered User Messages 14 16 Jun 2006 #4 Should have said co-ownership rather than partnership