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    • gnc
    • By gnc 3rd Dec 17, 12:01 PM
    • 5Posts
    • 0Thanks
    cgt on building plot
    • #1
    • 3rd Dec 17, 12:01 PM
    cgt on building plot 3rd Dec 17 at 12:01 PM
    hello, hope someone can advise.
    i bought a car repair workshop 9 years ago, have now got it re listed as residential ( certificate of lawfull use or existing development ) it has a yard at the side which isnt rated, i may be able to get planning permision for building one residential property.
    my question is.would i have to pay CGT on it if i get the permision and split the deeds or is it better to sell as one with potential for building.
    thanks in advance. geof
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