Building plot in the garden

Building plot in the garden

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Individual owns property which has always been their home.

Modest size garden (significantly smaller than half a hectare).

They obtain planning permission for a house to be built in the garden.

They sell part of the garden, with planning permission, to a developer.

Am I correct that, in the above scenario, no Capital Gains will arise ?

Thanks.

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By User deleted
26th Jan 2016 10:19
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By Portia Nina Levin
26th Jan 2016 10:23

Yes.PPR should be available in these circumstances.

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By Martin B
26th Jan 2016 16:33

Building plot in the garden

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