I've got this friend. Ok, so much for subterfuge, it's me! I want to sell my property investment (vacant land), which will be liable for quite a bit of capital gains tax.
The plan is simply to buy another property where I can either build or repair something that will give me a rental return. Can I deduct from the 'capital gain'
any expenses in repairing the new property? Or is there a better way other than salary sacrifice, which is not applicable at the moment?
Cheers
The plan is simply to buy another property where I can either build or repair something that will give me a rental return. Can I deduct from the 'capital gain'
any expenses in repairing the new property? Or is there a better way other than salary sacrifice, which is not applicable at the moment?
Cheers