I have a client who jointly owned a holiday let property with her sister. At no time was it a PPR. They decided to sell and, as it was a large plot, it was sold in two seperate lots being the land which had recently been given planning permission and the house.
Am I correct in thinking that the sale of the land will attract the 10% and 20% rates, as opposed to 18% and 28%? The land was sold prior to 5 April 2019 so will be pertinent for the current Return whilst the house wasn't sold until 2019/20.