Hello,
I would love some advice on the following:
Our main principle private residence sits in a plot of under 0.5hectares. We would like to sell part of the garden as a building plot. As I understand it, if the main curtilage of your garden is under 0.5h then the sale of the land is not subject to cap gains. However, if we sell the plot will we be subject to paying income tax on this and if so at what rate?
Many thanks for any advice!
Jenny
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