Hello
I am planning to sell land owned by my company. What is the most efficient strategy to minimize taxes ?
Have the company pay the taxes and then pay me ?
Or I get paid directly and pay personal income tax ?
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Tax on sold business assets
Replies (3)
Tax should be paid by the person who received considered by selling land
I think it is proprietary company. You will have consider capital gain on land sale accordingly and show in your name return. proprietary company business income is in personal return only.
Please clarify that the land is in name of a pvt ltd company in which you are director or it is in your name only. also weather the land is agricultural, residential or commercial? Kindly share complete details
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