New tax rules for unencumbered property?Make Text Bigger
My wife has a commercial property(convenience store) with 2 X 2 bedroom flats above. This complete unit is unencumbered by any mortgage.
The 3 units are all rented out. Does the new tax rules being fazed in from this April affect all of these units or, is, as I think I might have read somewhere, the commercial shop unit not affected?
This property is held in her name only and not in a company.
If she was to transfer it into a company then she will have a serious capital gain of about £300k before any allowance as she’s held it for 16 years.
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