Capital Gains Tax on coomercial property!

darkman13

Hi guys i ran a business from a property for over 15 years and at half way point bought the property for £145.000 and now selling the property for £150.000, its soley in my name, and was bought in 2004. Now the question if i was to buy another businss as a lease could i claim for re investment or does it have to be a property and if it can be can i invest in a house to rent out.Question two, how long do i have before the tax is due before i re invest is it from january 31st to jan 31st? or any other specific time?

thanx in advance.

ps i have spent about 10k inprovments which i have reciepts for!

jimmo

You were 23 and working for your parents 6 months ago.
https://forums.moneysavingexpert.com/discussion/comment/30688919#Comment_30688919

darkman13

jimmo wrote: »

You were 23 and working for your parents 6 months ago.
https://forums.moneysavingexpert.com/discussion/comment/30688919#Comment_30688919

speaking on behalf of my dad, don't need to worry about that!
plus just since you so interested in my history, the mortgage is still on progress!