I read this in an earlier post
"As a general rule, only capital that can be accessed or can be liquidised is assessed"
How does that work for owning a limited company.
Is it the value of the company or the profit or loss
I understand how value of property and cash are assessed but not sure how the capital on a company is assessed
Thanks
"As a general rule, only capital that can be accessed or can be liquidised is assessed"
How does that work for owning a limited company.
Is it the value of the company or the profit or loss
I understand how value of property and cash are assessed but not sure how the capital on a company is assessed
Thanks