When a property is sold for less than the purchase price and also less than the NBV but more than the Land Value
Can you
1: Further write off the building
2: Write off the balance of the chattels
3: Completely write off the building (yellow stickered) which if you can you would have to take a capital gain on the land. (so can you take a capital loss on a yellow stickered building and a capital gain on the land) ?
ps the loss/gain will be locked in the company as the company is not being wound up.
This a genuine loss due to the purchase of the building pre being "yellowed stickered " and pre leaking
Can you
1: Further write off the building
2: Write off the balance of the chattels
3: Completely write off the building (yellow stickered) which if you can you would have to take a capital gain on the land. (so can you take a capital loss on a yellow stickered building and a capital gain on the land) ?
ps the loss/gain will be locked in the company as the company is not being wound up.
This a genuine loss due to the purchase of the building pre being "yellowed stickered " and pre leaking
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