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Blue Frog Systems

  • Posts: 3813
My wife spoke to our accountant yesterday regarding us selling our round up due to moving away.

I found this out and thought I'd share with you guys as I know this topic has been covered before and people had different ideas regarding it.

If you sell a round it is classed as capital gains.

You can claim £10,100 tax free per year, per person.

Eg. My wife and I are in a partnership, so we can claim up to £10,100 each.

This will also work for any vans / equipment that you may sell.

Thought I would share what it stands at the moment.

JP

Only those who risk going too far will truly know how far they can actually go