Hi everyone ,
I have some questions regarding investment for extension , can an expert or anyone please shed some light on it will be really appreciated.
As per rule we need to invest 50k for our extension under 50k category , my questions regarding the same are as follows :
1-Q) If I Buy commercial Property value 50k, DOES that mean I have met the requiement ?
2-Q)Also can I SUB LET PART or TABLE SPACE of the property to anyone is that ok ? or it is not allowed?
3-Q) IF I have to, Can I sell the property after first extention ( 3 YEARS)or do I have to keep it till I get ILR ?
4-Q)What does it means your Business should be profitable? is any figure required or it just has to be in positive ?
Can any of the member give their opinion on it please it will be really helpfull , am sure many of us at some point of time will face or are facing the same scenario.
ANYONE HELP WILL BE VERY APPRECIATED ,
Thanking You ,
Regards
Celina
(Waiting for reply ).
Thank you
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