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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: 1 year ago.
Category: Tax
Expert:  Nicola-mod replied 1 year ago.
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Customer: replied 1 year ago.

I am happy to wait for an answer.

Expert:  Nicola-mod replied 1 year ago.
Hello,
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Nicola
Expert:  Nicola-mod replied 1 year ago.
Hello,
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Please continue to search.

Expert:  Nicola-mod replied 1 year ago.
Hello,
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Nicola
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