JimBo replied to the topic CGT exempt?! in the forum Legal & Accounting 9 years, 7 months ago
Thanks everyone, this has clarified things similar to what I was thinking. Developers don’t pay CGT, however, they pay income tax; and in this case the Company will pay the tax (capped at 30%).
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JimBo replied to the topic CGT exempt?! in the forum Legal & Accounting 9 years, 7 months ago
Hi again,
Just hoping someone may have some thoughts on my query I posted back last week. It would be good to hear other peoples opinion.
Thanks :)
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JimBo‘s profile was updated 9 years, 7 months ago
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JimBo started the topic CGT exempt?! in the forum Legal & Accounting 9 years, 7 months ago
Hi all,
I have a query regarding CGT and being classified as a “Property Developer”. I recently sold my hospitality business, bought some land and built some units. I was active in coordinating/building the development and the plan now is to continue developing new residential/commercial as a career path. I operate under a Trust (which bought the…[Read more]
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JimBo became a registered member 9 years, 7 months ago
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