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Bought a property in Jul 2013 for 1,525,000 using a non UK Limited company. Let until end of August 2014 then refurbished until January 2015 when we accepted an offer to sell for 2,470,000. It is not clear whether the sale will be CGT exempt because it was a non UK entity prior to the 5th of April 2015 or normal CGT will apply or ATED GCT will apply although the property wasn't in the scope of ATED being below the 2 million mark. Sorry I meant 2015. Also forget to say that the sale will be completed after the 5th of April 2015.
Thank you very much. I imagine that the situation will not change if completion will happen before the 5th of April. Please confirm.