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Taper relief

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dunthinking | 18:24 Tue 24th Jul 2007 | Business
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An individual is a 100% shareholder in a company which owns property and lets the properties to shops.

The company has being doing this for 20 years and he has been a shreholder all this time.

He is wanting to sell his shares and wants to know if he is eligible for full taper relief.
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Avatar Image Harley
Most commercial activities are trades, but property investment (apart from furnished holiday lettings) is not classed as a qualifying trade for CGT Taper Relief.
22:50 Mon 13th Aug 2007

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