Hi. I have a question that I hope cN be answered on here.
We have a field. Currently ongoing Outlined planning. We have been in talks with a developer and we have an offer of 2 houses for them the build on the land. Do we pay capital gain tax on the value of the houses or do we not as it is considered an asset...plus we will not have any a actual funds so not sure where we stand.
It is a field that has been inherit 20 years ago. We have paid in excess of 20k anyway which I presume can be used as a previous loss to balance out some of that?
Any guidance would be appreciated
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