I have a bought to let property which I have owned and let for two years, never living in it.I now wish to sell with I think about 35K profit.
I also have some land (11 acres) owned for 3 years which I use for private grazing. I wish to build stables on 3/4 of the land, sell this and keep a quarter for myself with I think a profit of 30K. Am I liable for CGT?
My Partner and I live together in another property solely in my name which we also want to sell and amalgamate all three ventures to purchase a new property.
Would it be best sell my current residence and move to the let property for a while therefore not paying the CGT? or is there another way.
Thanks
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