CGT Part Disposal

CGT Part Disposal

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A farmer bought a third share in a 3 acre plot 15 years ago, and another third share 10 years ago.

If he now gifts 3/4 of his entire holding, what proportion of the first purchase and what proportion of the second purchase has he disposed of?

I am minded to apportion 3/4 of each purchase to be sold, but I cannot find any examples like this to make sure. The IR manual makes reference to just and resonable calculation.

Am I right in thinking that there are no matching rukes for land like there are with shares?

If he sold his entire holding it would be so much easier....

Nathan

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