What happens if you sell a section 23 property early

If you have a section 23 property and you dispose of it within 10 years of the first qualifying lease the relief already granted is clawed back. All relief previously granted is treated as rental income in the year you dispose of the property.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.