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Where Taxpayers and Advisers Meet

Gigaclear - Wayleave payment.

simplelifeplease
Posts:1
Joined:Wed Dec 16, 2020 7:15 am
Gigaclear - Wayleave payment.

Postby simplelifeplease » Tue Mar 09, 2021 12:40 pm

Gigaclear want permission to lay cables at the boundary of my property (fine by me). They are offering a one off £75 payment (what I believe is called a Wayleave). I presume this would be taxable?

pawncob
Posts:4784
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Gigaclear - Wayleave payment.

Postby pawncob » Tue Mar 09, 2021 4:30 pm

If it's an annual payment it would be a wayleave and taxable.
If it's one off it's probably deemed to be capital, and below the annual exemption for CGT.
With a pinch of salt take what I say, but don't exceed your RDA


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