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Where Taxpayers and Advisers Meet

Search found 51 matches

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by dotto
Mon May 13, 2013 10:44 am
Forum: Capital Gains Tax, CGT
Topic: CGT on sale of part of building plot
Replies: 1
Views: 469

CGT on sale of part of building plot

This is a follow up to a previous email in the hope that by making the situation clearer, someone is able to offer an answer to my question. 1 My two sons and I have equal ownership in a property with a long garden. We have detailed planning permission for 2 houses on the garden. 2 Our property and ...
by dotto
Fri May 03, 2013 8:32 pm
Forum: Capital Gains Tax, CGT
Topic: Plots, self build, joint ownership CGT
Replies: 2
Views: 536

Re: Plots, self build, joint ownership CGT

Thank you for your response. The other house jointly owned by my sons is a buy to let which my youngest son is currently renovating for re-letting. He will then return back to the bungalow. If they build the new house they will move into it lock stock and barrel and would hope to continue to reside ...
by dotto
Fri Apr 26, 2013 9:26 pm
Forum: Capital Gains Tax, CGT
Topic: Plots, self build, joint ownership CGT
Replies: 2
Views: 536

Plots, self build, joint ownership CGT

My questions are as follows and any help would be greatly appreciated. 1 My two sons and I purchased in equal shares a bungalow with a fairly long garden. 2 My eldest son and myself live in the bungalow, youngest son lives in a house nearby which is owned by himself and his brother and which has a B...
by dotto
Sat Apr 21, 2012 11:00 am
Forum: Capital Gains Tax, CGT
Topic: CGT on sale of plot
Replies: 4
Views: 658

Re: CGT on sale of plot

Hi
Your response has been a great help.

Many thanks for giving your time.

kindest regards

Dorothy
by dotto
Thu Apr 19, 2012 10:02 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on sale of plot
Replies: 4
Views: 658

Re: CGT on sale of plot

I'm not sure of the exact area but its less than half an acre. The area is currently garden, mainly grassed.

Thank you
by dotto
Thu Apr 19, 2012 6:48 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on sale of plot
Replies: 4
Views: 658

CGT on sale of plot

My two sons and myself live in and jointly own a property at the end of a longish drive, the drive having land running alongside one side of it for which we have obtained detailed planning permission for 2 detached properties. We have a buyer for the middle plot (plot 2) which lies between our prope...
by dotto
Sun Sep 11, 2011 11:45 pm
Forum: Capital Gains Tax, CGT
Topic: Joint venture with Property Developer tax implications
Replies: 8
Views: 2339

Re: Joint venture with Property Developer tax implications

We applied for pp in January 2011 and permission was granted in March 2011. Does this have relevance.

Thank you.
by dotto
Sun Sep 11, 2011 10:22 pm
Forum: Capital Gains Tax, CGT
Topic: Joint venture with Property Developer tax implications
Replies: 8
Views: 2339

Re: Joint venture with Property Developer tax implications

Thank you again. I have concluded that the contract the developer refers to has conditions ie if the houses are not sold within a specified time, then the plots remain in our ownership along with the houses. If this situation happened we would have to sell the houses ourselves (unless we lived in th...
by dotto
Sun Sep 11, 2011 9:15 pm
Forum: Capital Gains Tax, CGT
Topic: Joint venture with Property Developer tax implications
Replies: 8
Views: 2339

Re: Joint venture with Property Developer tax implications

Thank you for responding. My son and I live in the bungalow and intend staying there, unless there is a change in our personal circumstances. We bought the property because we loved where it is and also saw its potential for further development although the general feeling was that we would never ge...
by dotto
Sun Sep 11, 2011 2:57 pm
Forum: Capital Gains Tax, CGT
Topic: Joint venture with Property Developer tax implications
Replies: 8
Views: 2339

Joint venture with Property Developer tax implications

My son and myself purchased a bungalow in January 2010 and subsequently obtained planning permission to build 2 houses on the site, with the bungalow remaining. A developer has put forward a joint venture proposal whereby a contract is drawn up stating that he agrees to purchase the plots within a s...

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