Hi folks,
I'm new to the forum so hello!
I have a less than pretty house in a garden of around an acre that's our primary residence. There is a high likelihood that I'd get planning for several houses so I'm working through various options and it's here I'm looking for advice.
I'd like to stay in the area so rather than acquiring planning then selling the site as a whole to a developer where I wouldn't be liable for CGT, I'd like instead to build the houses myself and so still stay in the place that i like.
To gain from the uplift in value of the land without paying tax, can I in effect sell the land (or part of) to a business owned by myself that would do the building, and still avoid CGT?
Thanks,
G
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