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Trading company? VAT on a sub-letting; Property valuation; Car conundrum
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Trading company?
Could entrepreneurs’ relief apply to shares in a property-owning company?
A couple owned farmland that they ceased to farm. They started to rent it out in about 2000. Because the land was on the outskirts of a city there was always the chance that it could be suitable for development.
In 2003 they transferred the land to a newly formed limited company. Capital gains tax was paid...
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