Post by pom on Apr 20, 2016 10:21:25 GMT
Apr 20, 2016 9:09:22 GMT ped said:
Am I missing something here, but we lean money (invest) to SS and then they provide a bridging loan to a developer/purchaser of a property. We never own the property so where does the CGT and declarations come from? We have to tell HMRC about our interest received but as income (Income Tax due).Confused a little, never takes much.
Potentially we need to declare SM sales on some platforms (not SS it seems) even if we make no gain and therefore pay no tax on it
But unless you have lots of other chargeable asset transactions you probably don't need to worry about it.
