Hi All,
I'm looking to buy a house from a business in the UK. They have told me that I must complete very quickly to ensure it falls within their current financial year, however this is unlikely. The question is; if we exchange contracts before the end of the year but complete/transfer of funds in their new financial year, which year does the sale count as happening for their tax purposes?
I'm looking to buy a house from a business in the UK. They have told me that I must complete very quickly to ensure it falls within their current financial year, however this is unlikely. The question is; if we exchange contracts before the end of the year but complete/transfer of funds in their new financial year, which year does the sale count as happening for their tax purposes?