Bed & Breakfast
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I have a client that acquired 50% of a property in the early 70's by way of gift and the other 50% via legacy in 2002. Neither had any formal value attached so I am curently sorting valuations at the relevant dates.
With regard to computations, presume I should apportion the property between the B&B useage and the private element which will be covered by PPR?
Any thoughts appreciated
With regard to computations, presume I should apportion the property between the B&B useage and the private element which will be covered by PPR?
Any thoughts appreciated
0
Comments
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Re:Bed & Breakfast
You would normally separate the business and private usage to arrive at the relevant amounts for CGT purposes.
Kind regards
Steve0