Help! CGT on Farm Lease to connected party??
I have a client (individual) who has a farm lease agreement in place, I've done a quick bit of research and HMRC advise CGT due. No premium has been charged for the lease and the lease income has been entered onto SA returns. The lease is to a connected party so should I be using an arms length valuation for the premium that would have been charged to an outside party?
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Any thoughts on this?