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Capital gains from selling a round help
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Blue Frog Systems
Cleanitup God
Posts:
3813
Capital gains from selling a round help
«
on:
January 09, 2011, 02:47:06 pm »
Just wondered if someone can help me out with this...
Back in March 09 i sold a round.... now this is classed as capital gains and was within the yearly limit.
My wife and i are in a partnership and are wondering where the capital gains goes on the partnership tax return ?
Also how do we claim back capital gains allowance on it ?
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Danny Guest
Cleanitup God
Posts:
545
Re: Capital gains from selling a round help
«
Reply #1 on:
January 09, 2011, 11:36:58 pm »
Blue frog
I think you get some good information and some bad information off this forum but on something like this you need good accurate advice. I would go and see an accountant and get a professional response
Regards
Danny
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Count Phil
Cleanitup God
Posts:
656
Re: Capital gains from selling a round help
«
Reply #2 on:
January 10, 2011, 04:28:04 pm »
I would make sure it was cash and the sale never happened.
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dai
Cleanitup God
Posts:
3503
Re: Capital gains from selling a round help
«
Reply #3 on:
January 10, 2011, 06:00:40 pm »
Am I missing something here. I was under the impression that if you bought a round. it was just good will and not tax deductable.
But if you sell the same round the taxman want's a cut?
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Capital gains from selling a round help