H
hutch
Guest
Hi
Now let me try and explain my situation and ask a clear question.
I purchased a house with a cousin a 6 years ago. We were both 1st time buyers. 4 years ago I set up a business from the house and the addresses is registered (not a limited company just a self employed) etc. I am now selling my half of the house to my cousin and am buying a bigger house to continue my busines from.
So my questions are
1. What (if any) will my CGT? liability be by selling my half of the house AND if there is an implication then can I write off costs of moving my home/business solicitors fees and set up of new premises etc to the business.
I hope I have explained things properly.
Cheers
Now let me try and explain my situation and ask a clear question.
I purchased a house with a cousin a 6 years ago. We were both 1st time buyers. 4 years ago I set up a business from the house and the addresses is registered (not a limited company just a self employed) etc. I am now selling my half of the house to my cousin and am buying a bigger house to continue my busines from.
So my questions are
1. What (if any) will my CGT? liability be by selling my half of the house AND if there is an implication then can I write off costs of moving my home/business solicitors fees and set up of new premises etc to the business.
I hope I have explained things properly.
Cheers