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Where Taxpayers and Advisers Meet

Pasture land sale

Olliebeak
Posts:1
Joined:Sat Jan 15, 2022 4:21 pm
Pasture land sale

Postby Olliebeak » Sat Jan 15, 2022 4:27 pm

Please can you help …I am selling a parcel of registered pasture land that has now gained planning permission so the value increased . There are no buildings on this land and never been used for profit . I have owned it for some 35 yrs and would like to know the tax implications please

pawncob
Posts:4878
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Pasture land sale

Postby pawncob » Mon Jan 17, 2022 10:41 am

Looks like a straight gain from purchase date, so CGT due (less cost and expenses).
With a pinch of salt take what I say, but don't exceed your RDA


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