SearchCGT for trading only
Kel asks:
(updated on Wednesday, August 16th 2017)
If I was to partner with someone to form a property trading company (pay tax on profit), then will the rental properties I bought before under my own name be subject to tax on capital gain? All the properties I hold have been held for more than two years and I would like to keep them separate from the trading company.
Our Experts Answer:
No. Only the properties acquired while in the business of property trading will be tainted. The acquisitions made prior to the trading activity beginning will be unaffected.
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