Would love some of the flats in the development of a way to avoid tax [500k] [amp]

Q: Im going to do a development of 24 apartments. If we say that profit is worth the value of 5 apartments. What if I stay 5. Pressumably paper 5 that will not be realized a profit, because they did not sell. The development will therefore have just broken even in terms of expenditure equal to revenue. So I avoid paying taxes on the development by doing this?
It would save 200k of the tax. (40% of )
If so I could keep my net profit and let them out for income.


A:Got the answer. Unfortunately each flat sold would be considered to be a 'PART DISPOSAL'. Therefore every flat sale would represent one 24th of the profit.

A:Yes needless to say I'd rent them out. Time to ring the accountant to get his take on it.

A:I assume your plan would be to rent them. Which sounds good to me. There must be a flaw in the plan, otherwise the big boys would be doing it, surely?

Maybe he is a BIG BOY !

BIG BOYS should ask their C A , what to do with the


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1 Comment to "Would love some of the flats in the development of a way to avoid tax [500k] [amp]"

  1. Shelby wrote:

    I never knew that living in the flats, you could avoid paying tax, that’s pretty cool!

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