LAND SELL AND BUY

 

AN INDIVIDUAL PURCHASED SOME LAND 5 YEARS AGO FOR THE PURPOSE OF CATTLE FARMING AND PAID £300,000 FOR IT.

HE NOW WISHES TO SELL THE LAND FOR AT LEAST DOUBLE THE PRICE HE PAID FOR. THE PROCEEDS ARE TO BE USED FOR PURCHASING LAND FOR A SIMILAR PURPOSE, BUT OUTSIDE UK.

CAN HE CLAIM ROLLOVER RELEIF EVEN THOUGH THE LAND HE IS BUYING IS OUTSIDE UK?

WILL HE BE ELIGIBLE FOR ENTERPRENEURS RELEIF? IF SO HOW MUCH .

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blok |
blok's picture

do you mean roll-over (re-investment) relief?

Steve Knowles |
Steve Knowles's picture