which means that you will most likely fail in your attempt to have it regarded as capital profits and will instead be regarded as normal profits.Firstly this property is brand new and is not earning any rental income (vacant), so there is no extra income.
I'll try to illustrate both scenarios:
I assume the company got the money from you to acquire the property? If that is the case then it would be unnecessary to declare a full dividend; it would first repay the loan it made from you.
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