Imagine now that Ian (in the above example) buys another freehold building for business use in November
Question:
Imagine now that Ian (in the above example) buys another freehold building for business use in November 2026 and elects to transfer the held-over gain on the fixed plant and machinery to the new freehold building. Explain the treatment of the held-over gain if the new building costs:
(a) £250,000
(b) £190,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: