Tax Planning for a different Scenario?

by Readers Question

16:51 PM, 14th May 2017
About 3 years ago

Tax Planning for a different Scenario?

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Tax Planning for a different Scenario?

Hi Mark,

I have been reading your articles on Tax Planning for some time now, wonder if you can provide any assistance on the following scenario.

I currently own a redundant nursing home in a limited company, we are looking at carrying out building work to convert to 17 self contained apartments and houses to rent. The property is under a limited company so will not be affected by the interest changes. However, any thoughts in regards to washing out capital gains or any other planning?!

All costs are circa £2 million, GDV £3 million, profit £1 million

Many thanks


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Mark Alexander

8:31 AM, 15th May 2017
About 3 years ago

Dear Sagar

Changing the company SIC code and completing your development will not crystalise a capital gain until you sell the property.

If you are looking for advice to construct a longer term exit strategy, or indeed assistance with development finance on either traditional or JV funding terms, then I suggest you book around 5 hours of my consultation 10 (i.e. 10 X 30 minutes) via the link below.

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