No my point was that any expenditure is not subject to a trust ( unless of course one is in place) only the SC income is, whether under a trust or as is most common, by statute.
Originally Posted by thevaliant
As I understand it the sale of an asset can be accounted for against expenditure and any residue subject to CT, rather than CGT, if it is treated as a sale to another in a close or mutual company.
The trick is to avoid any surplus on the day to day expenditure ( which is not normally subject to either as a close or mutual company) being hit by this.
Given the likely value of the land in the uplift in the value of the flat to which it will be attached, the £400 to £600 for advice and basic accounts are likely worth it.
Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.