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Tax liability- Selling new self build house

Casati · 2010-06-14 08:51:23

Trying to work out what tax liabilities are for a self builder selling his newly built house- e.g. on basis that he/she could not afford mortgage. Would you have to pay income tax on sale price less receipted build cost plus VAT?

14-06-2010 8:51am

#1

Casati

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Trying to work out what tax liabilities are for a self builder selling his newly built house- e.g. on basis that he/she could not afford mortgage. Would you have to pay income tax on sale price less receipted build cost plus VAT?

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#2 14-06-2010 10:56am

muffler

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I'll move this to the taxation forum.

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#3 14-06-2010 1:29pm

Mr. Incognito

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Locked. Read the charter

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This discussion has been closed.