Hi,
I have sold my principal private residence and it fulfills all the PPR relief criteria except that it has grounds of 0.9 hectare. I want to argue that the extra land is consistent with the size and character of the house and if they don't accept this that the extra land is worth only £10K as agricultural land and the CGT is within my annual allowance.
I do not know the best way to report this on my SA return. Do I:
(1) complete the CGT pages and enter the details into the Computation Working Sheet and calculate that my net gain is zero, transfer this amount to the CGT summary page and give a full explanation in box 37?
or (2) not complete the GCT pages at all (since I claim I do not owe CGT) but provide the full explanation in the "white space" box of the SA return?
Many thanks
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