When does the business premises exclusion to the bright-line test apply?
This question we’ve been asked explains the business premises exclusion that applies for the purposes of the bright-line test. It will be of interest to anyone selling their business premises on what might be residential land. It replaces (for disposals on or after 1 July 2024) QB 19/13: Income tax – When does the business premises exclusion to the bright-line test apply?
Income Tax Act 2007 – ss CB 6A and YA 1