Commentary

B6.747 ATED—rental property: preparation for sale, demolition etc

Business tax
Business tax | Commentary

B6.747 ATED—rental property: preparation for sale, demolition etc

Business tax | Commentary

B6.747 ATED—rental property: preparation for sale, demolition etc

In circumstances where the conditions for the property rental business relief were previously satisfied but the rental business has since ceased and the property is currently unoccupied, relief from ATED is still possible, provided certain conditions are met.

In each case, the property must be owned by the same person who claimed relief for running the property rentals business. If that business was carried on in partnership, the dwelling must be owned by a person who was a partner on the last day in respect of which the relief was given. It should also be noted that relief under these rules is only allowed if all of the days between the last day of the property being occupied by a qualifying individual

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial