Jack
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Non resi company selling a UK residential property
We are a non UK resident company selling a UK residential property and wish to use the straight line election. Do I calculate the gain as normal, including indexation allowance from the date of purchase many years ago to Dec 2017, then time apportion that total gain? I have previously asked in the Business Tax Forum, but their answer was only for disposals from "6 April 2015 to 5 April 2019". -
Non Resi Company selling UK residential property - straight line basis
We are a non resi company selling a UK residential property and wish to use the straight line election. Do I calculate the gain as normal, including indexation allowance from the date of purchase many years ago to Dec 2017, then time apportion that total gain?