How can I reduce CGT on the sale of land [capital gains tax] [acre plot]

Q: I have a 4.2 acre parcel that I have had a value of 230,000. Ive owned it for 5 years and wish to sell. How can I reduce my liability.


A:Selling it seperately won't make any difference – I think you're looking at stamp duty there?

Unless you sell part of it during this tax year and part during the next?

Other than that, you have an allowance per year of about £9k (so splitting it across the 2 years might help), as does your spouse (if you have one), so you can often use both allowances.
There's also a taper based on lenght of ownership, but I think it only starts after 5 yrs? check www.hmrc.gov.uk for full details


A:no idea about this but if you sold it as two seperate lots (£190,000 /£40,000) would this avoid it?

A:I have a 4.2 of land that I have had valued at 230,000. I have owned it for 5 years and wish to sell it. How can i reduce my liability.

Sell it for 200,000


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