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CGT roll over!

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Comments

  • KPR11
    KPR11 Posts: 610 Forumite
    I am afraid I am with Penny on this.

    The way I understand your situation is that you are carrying on a trade and either renting the premises from your dad or he is letting you use it for free - if it was an unconnected third party it would be deemed that he is undertaking a property letting business which is an investment and not a trading activity.

    The only way he could have gotten ROR is if he had at least 5% in your company and the company was using the asset.

    Hope it helps
    £365 in 365 days challenge: £730 / £150
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