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Tony Tax
Tony Tax, Tax Consultant
Category: UK Tax
Satisfied Customers: 15942
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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Am I required to pay any tax when selling plots from my

Customer Question

Am I required to pay any tax when selling plots from my garden after obtaining outline planning consent?
Submitted: 2 years ago.
Category: UK Tax
Expert:  Tony Tax replied 2 years ago.


So long as the total plot of land that you own including that on which your house itself sits is no more than half a hectare in size (about 1.23 acres), you don't fence off the individual plots before you sell them and that the only expenditure you incur is on the cost of getting planning permission or the removal of restrictive covenants then HMRC will not seek to tax any gain and main residence relief will apply.

Take a look at the first search result here for more information.

I hope this helps but let em knmow if you have any further questions.