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Where Taxpayers and Advisers Meet

Search found 6 matches

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by Sydney04
Thu Mar 19, 2020 2:57 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on donated garden land
Replies: 9
Views: 1361

Re: CGT on donated garden land

Thank you very much for all the replies that's really helpful information
by Sydney04
Tue Mar 17, 2020 11:12 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on donated garden land
Replies: 9
Views: 1361

Re: CGT on donated garden land

Thanks again for the replies, sorry for the confusion within my posts Maths. So in applying a value to the garden donated to the BTL, would that be worked out as a proportion of the value of the retained land? The retained land has been valued at £300k were it to be sold as land with planning permis...
by Sydney04
Fri Mar 13, 2020 10:47 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on donated garden land
Replies: 9
Views: 1361

Re: CGT on donated garden land

Thankyou both for your replies. I should probably have clarified that the garden land we are donating to the BTL is part of the garden we retained when we sold our former PPR last year. We were lucky enough to gain planning permission whilst living there for 2 plots in the garden which extended to r...
by Sydney04
Fri Mar 13, 2020 8:39 am
Forum: Capital Gains Tax, CGT
Topic: CGT on donated garden land
Replies: 9
Views: 1361

CGT on donated garden land

Hello, I wonder if anybody is able to offer us some advice. My wife and I own 2 buy to let properties which we are selling to fund a self build project, both sales are likely to happen in the next tax year. The overall capital gain after the cost of improvements will be about £60k. One of the improv...
by Sydney04
Thu Nov 21, 2019 12:41 pm
Forum: Property Taxation
Topic: Building 2 houses
Replies: 3
Views: 674

Re: Building 2 houses

Hi Jerome, Thanks for your reply, that's really useful Would I be able to deduct the value of the plot from our profit calculation? (Would this apply to in both individual and Ltd company examples?) I.e. Sale price £400k Build cost £200k Land value £150k Paying tax on £50k And if structured to take ...
by Sydney04
Thu Nov 21, 2019 12:23 am
Forum: Property Taxation
Topic: Building 2 houses
Replies: 3
Views: 674

Building 2 houses

Hi, We were granted planning permission to build 2 houses in the rear garden of our house. We have subsequently sold the house and retained the 2 plots. Through a main contractor we are planning to build 1 house and live in it as our family home (via the self build route). We are planning for the ma...

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