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Where Taxpayers and Advisers Meet

Gain on Sale of a Share In Land Subject to 28%?

DavidFraser
Posts:16
Joined:Wed Dec 13, 2017 3:33 pm
Gain on Sale of a Share In Land Subject to 28%?

Postby DavidFraser » Wed Aug 07, 2019 10:34 am

I have a client who during 2018-19 sold, with the other joint owners, his share in an area of land. Am I right in assuming that if the land was sold with planning permission to build properties on it the sale would be subject to CGT at the top rate of 28% rather than 20%?
Advice would be appreciated.

pawncob
Posts:5099
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Gain on Sale of a Share In Land Subject to 28%?

Postby pawncob » Wed Aug 07, 2019 3:37 pm

Yes.
With a pinch of salt take what I say, but don't exceed your RDA


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