Hi, just after a little bit of advice.
I have a piece of land that currently has an option agreement with a developer. The land was a gift to me and my sister from my father over 25 years ago. The developer thinks we will have planning permission on the land within 6-9 months, I was wondering if there is anyway for us to save on the big tax bill we will receive when the land sells.
Is it possible to gift the land to both of my sons so less tax is paid?
Or any other possible avenues to go down?
Thanks in advance for any advice
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