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Sam
Sam, Accountant
Category: Tax
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My wife and I bought 35 acres of lakeside land in 2002 for

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My wife and I bought 35 acres of lakeside land in 2002 for £45,000Over the following three years we build three summer houses with jetties and moored three houseboats as holiday homesThe WDV of the houseboats is now 30.000Most of the Cost of summerhouse, stone track and septic tank were all expensed to P&L over the years.Our combined annual income is £22.000 before allowances The boats annual rental turnover is £15k each We have agreed a selling price of £190.000 for two acres of land, summerhouse, boat and goodwill.The boat was specially build as a 'dumb barge' so current value is uncertain, value in current location could be 80k, value on the open market might be as low as 30kWe have planning permission for a fourth boat so would like to reinvest in another summerhouse, houseboat, septic tank and jetty.I am aged 60 and my wife 48. Our two boys are 17 and 15We have What might we pay in tax
Submitted: 2 years ago.
Category: Tax
Expert:  Nicola-mod replied 2 years ago.
Hello,
I've been working hard to find a Professional to assist you with your question, but sometimes finding the right Professional can take a little longer than expected.
I wonder whether you're ok with continuing to wait for an answer. If you are, please let me know and I will continue my search. If not, feel free to let me know and I will cancel this question for you.
Thank you!
Nicola
Customer: replied 2 years ago.

I am happy to wait for an answer.

Expert:  Nicola-mod replied 2 years ago.
Hello,
We will continue to look for a Professional to assist you.
Thank you for your patience,
Nicola
Expert:  Nicola-mod replied 2 years ago.
Hello,
I apologise as we have not yet been able to find a Professional to assist you. Do you wish for me to continue to search for someone to assist you or would you like for us to close your question at this time?
Thank you for your patience,
Nicola
Customer: replied 2 years ago.

Please continue to search.

Expert:  Nicola-mod replied 2 years ago.
Hello,
We will continue to look for a Professional to assist you.
Thank you for your patience,
Nicola
Expert:  Nicola-mod replied 2 years ago.
Hello,
Please understand it is rare for us not to be able to find the right Professional to assist our customers. We can close this question and return your good faith deposit to the original funding source on request.
Please let me know how you wish to proceed and again I apologize for any inconvenience this may have caused.
I hope you will give JustAnswer a try again in the future,
Nicola
Customer: replied 2 years ago.

Please cancel the request and we will hope to use you again in the future.