I haev a site which i am going to sell. it is zoned res and comm. I tried to get planning on it but failed so i'm letting it go. Will i be charged 20% cgt or 25% on the commercial part of the land? Also am i allowed the expenses for planners and site surveys etc against the CGT calc or do they carry forwad as a loss to be offset against future profits.
I have this land in a company's name.
Can anyone help. Obviously i will be getting prof. advise but would like a heads up first.
Thanks in advance
I have this land in a company's name.
Can anyone help. Obviously i will be getting prof. advise but would like a heads up first.
Thanks in advance