Developing has a special income tax rate of 20%. It is not CGT and you can not offset CGT losses against it but it is just at the same rate.markowitzman said:Have you got tax advice on trading the houses?
Revenue will want income tax rather than capital gains?
Check with your accountant......
You can always get an investment partner if you can not find finance.Madilla said:I am in the same position in that I purchased a site a couple of years ago and have just applied for planning. I have contacted a number of lenders including BOS but nobody seems to give even provisional approval for loan until planning ,builder and other support services in place. I have a covenant on the land which requires that it be built on within the next year and a half so am anxious to get moving ASAP. Anyone any suggestions on a lender that might give provisional approval
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?