Garden Conversion

Garden Conversion

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Client wants to purchase the back garden of his two neighbours. Together with his back garden, he then wants to build three bungalows.

Potentially looking at a profit of £250k, however, the tax implications could affect the whole project. Your advice will be greatly appreciated.
Vanessa

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By Chris Smail
26th Jun 2007 12:41

He should ask his accountant
There are far too many unknowns here to make an intelligent comment. He should gather together all the information and take it to his accountant.

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By Jon Stow
27th Jun 2007 13:55

We can at least say
that this is a trade of property development. Other than that you need to get specialist advice if this is beyond your experience.

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