The freeholder of the block I live in consented to allow one of the leaseholders to construct some storage units in a communal area (previously unused).
Each leaseholder in the block was provisionally allocated one storage unit each. The leaseholder who built them offered to purchase any unwanted units from the other leaseholders for a set premium. I am thinking of selling my unit and this will be formalised in a new lease plan for each of us. The unit has never been owned by me, the transfer is from the freeholder to the leaseholder. If I accept the premium, it will come directly to me from the leaseholder who buys it.
Is this a CGT triggering event?
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