Scots Law
Ask a Scots Law Question, Get an Answer ASAP!
Thank you for your question. I am a solicitor in Scotland. When did you buy the property and how much for? Is it owned by you as an individual or by a company?
Thank you for your question. I am a solicitor in Scotland. So there has been virtually no gain on the property since you bought it? That being the case there would be no capital gains tax or if there was a small gain you can offset the first £11400 or so by way of your personal allowance and also acquisition, disposal and refurb costs. You should not have any other tax issues. Happy to discuss further. I hope that helps. Please leave a positive rating so that I am credited for my time.