Capital Gain Tax on selling garden land less 0.5h

Petra73

Hi, in February this year, we obtained planning permission to develop a small dwelling on part of our garden.
It’s our intention now to sell the plot with planning and make a profit.

The plot is minuscule ( less than 0.1h) and has been value around £100,000.00.
Can you please help us to understand what is needed to be done in these cases regarding the Capital Gain Tax? 
Thank you!

princeofpounds

Is this your primary residence you are selling part of?

And has it been for the whole period of ownership?

Petra73

Hi Princeofpounds and thank you for your reply.
The property is our residence, it's a semidetached corner plot. We are selling a portion of the garden with planning permission and retaining our residence with a smaller garden. Please let me know if this above answer your questions or you need more info.
Thank you for now.

princeofpounds

I think this link answers your question. Given the small size, the fact that it is garden land, and the fact that it is your primary residence (and has been through the entirety of your ownership?), then you will not have to pay CGT. That's my understanding, anyway.

https://www.taxinsider.co.uk/selling-the-garden-when-does-main-residence-relief-apply-ta
https://www.gov.uk/tax-sell-home (A bit more detail as there are more tests for Primary Residence Relief but they are probably not an issue)

Petra73

princeofpounds said:

I think this link answers your question. Given the small size, the fact that it is garden land, and the fact that it is your primary residence (and has been through the entirety of your ownership?), then you will not have to pay CGT. That's my understanding, anyway.

https://www.taxinsider.co.uk/selling-the-garden-when-does-main-residence-relief-apply-ta
https://www.gov.uk/tax-sell-home (A bit more detail as there are more tests for Primary Residence Relief but they are probably not an issue)

Thank you so much!!! 
Have a great day!