Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hi, Sam here , one of the UK tax Experts here on Just Answer, thank you for your question and I shall reply shortly
Your assumption re entrepreneurs relief not being due is I am afraid correct, as this has just become a rental property at the time of sale and not an assets of the business. which had long ceased.
The rate will be a mix of 10% if the gain with annual income is still below the basic rate band or a mix of 10% (equivalent basic rate band) and 20% for anything over basic rate band (18% and 28% are for residential property which this is not its commercial)
Let me know if I can assist further
You are very welcome
If you could take the time out to rate me for the level of service I ahve provided it would be appreciated (or click accept)Thanks