I’d be grateful if anybody could answer this question:
Now that the land transfer registration fee has been reduced to almost nothing (0,01 %), does this mean that there are in reality no longer any considerable “tax costs” involved in selling a company-owned property?
Taxes involved in selling a property?
gutte,
the 'property taxes' have been reduced a lot as part of this stimulus package, so yes they are low
but company 'corporation tax' on any profit/gain your house sale made is due, and this can be considerable
it can be less painful depending on the valuation given to your sale value
also the government has increased the 'allowance' that is tax free, as part of this stimulus package
i believe that this stimulus thing is only for 1 year
.
the 'property taxes' have been reduced a lot as part of this stimulus package, so yes they are low
but company 'corporation tax' on any profit/gain your house sale made is due, and this can be considerable
it can be less painful depending on the valuation given to your sale value
also the government has increased the 'allowance' that is tax free, as part of this stimulus package
i believe that this stimulus thing is only for 1 year
.
splitlid wrote:
today they charged taxes at the old percentage rates
when queried said new rates (effective from 1st April) would come into effect 'next time' - wtf ?
suggest people take a solicitor with them to ensure getting the new rates
'coming soon' is abooot reet, oche aye da new rates
.
you're spot on split,wait for it.......wait for it......coming soon
today they charged taxes at the old percentage rates
when queried said new rates (effective from 1st April) would come into effect 'next time' - wtf ?
suggest people take a solicitor with them to ensure getting the new rates
'coming soon' is abooot reet, oche aye da new rates
.