Overview Flashcards
(3 cards)
1
Q
what do the taxation rules apply to?
A
freehold sales and leasehold transactions
2
Q
give an overview of tax payable on a residential sale
A
o Buyer SDLT / LTT
o Seller CGT if a gain has been made & PRR not available
3
Q
give an overview of tax payable on a commercial sale
A
o Buyer SDLT / LTT + (possibly) VAT
o Seller corporation tax
