capital gains tax

macem | 19:50 Fri 20th Apr 2007 | Business

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Do I have to pay capital gains tax on money received for part of my garden sold to a housing developer

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buildersmate

No, you get private residence relief unless: -
Your original garden was bigger than 0.5 hectares (1.25 acres)
You use part of the property for business purposes.

Kind of strange you didn't check this out beforehand with potentially so much � at stake.

macem

Question Author

Many thanks builders mate. we haven,t actually begun negotiations which was why we were checking it out before we started.

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