Which taxes should a company bear in mind when buying investment property?
Q: My client company is thinking of buying a residential property to let out. Apart from paying tax on rent received, what other taxes should be considered for purchase and/or subsequent disposal?
A: The following taxes should be considered:
1. Capital Gains Tax: TCGA 1992, Sch B1 & Sch4ZZB S4 (for calculation where mixed use)