Selling a commercial lease that has had leasehold improvements done

Discussion in 'Accounts & Finance' started by Quora, Sep 13, 2019.

  1. Quora

    Quora UKBF Contributor Free Member

    39 0
    If you sold a commercial lease for more than you bought it for, but you did leasehold improvements, would there still be a capital gain?
     
    Posted: Sep 13, 2019 By: Quora Member since: Nov 4, 2016
    #1
  2. Clinton

    Clinton UKBF Big Shot Free Member

    4,339 1,604
    A commercial lease is not an asset, it's a liability.
     
    Posted: Sep 13, 2019 By: Clinton Member since: Jan 17, 2010
    #2
  3. Adam93

    Adam93 UKBF Regular Free Member

    267 50
    Potentially. Leases are very complex. It will depend on the length of the lease. It is likely that some will be treated as income and some as a capital gain.
     
    Posted: Sep 14, 2019 By: Adam93 Member since: Jan 18, 2018
    #3