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Hi. My name is*****'m looking at your question now and will post my answer or ask for more information here in a short while.
I'm afraid not.
If the property was sold soon after the works were completed, your client may be taxed on his profit as a property developer as opposed to CGT by HMRC. I'd be inclined to disclose it as a gain given that there was an intention to live in the property.
I hope this helps but let me know if you have any further questions.
thanks for that.
would it have made any difference if the property was in a Ltd company.
If the property is already in a limited company, then the company will pay corporation tax on the profit. If it isn't, then putting it into a company will give rise to a gain if the seller and buyer (the company) are connected.