ATED on property - USERNAME: Peppino - 24/04/2015
Tax Question: Hi, we hold 2 properties through a LLP with offshore corporate members. One bought in 2008 at 440,000 (current market value around 950,000) and the other one (is building with 7 self-contained flats) bought in 2012 at 1.7m (but the market value of each flat is under 500,000 each), market value is around 3m. The properties are residential and let with AST to thirth parts. My two question: 1. we never sent an ATED exempition until now. Do I need to send the ATED exemption relief to HMRC for the year 2014-2015 for the second property that is > ... (to read the remainder of this article, please log in below.)
Tax Question: Hi, we hold 2 properties through a LLP with offshore corporate members. One bought in 2008 at 440,000 (current market value around 950,000) and the other one (is building with 7 self-contained flats) bought in 2012 at 1.7m (but the market value of each flat is under 500,000 each), market value is around 3m. The properties are residential and let with AST to thirth parts. My two question: 1. we never sent an ATED exempition until now. Do I need to send the ATED exemption relief to HMRC for the year 2014-2015 for the second property that is > ... (to read the remainder of this article, please log in below.)
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