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Posted Thu, 01 Aug 2024 13:06:42 GMT by kate Thompson
Hi, I own some stables and 10 acres of land. I have planning permission to build a 2 bed bungalow however my circumstances have changed and I may need to sell it. This is the only property I own and have never owned any other properties. In this instance would I have to pay capital gains tax? Thanks Kate
Posted Mon, 05 Aug 2024 15:17:18 GMT by HMRC Admin 19 Response
Hi,

Yes, as this is not your home. You can see guidance here:

Capital Gains Tax: what you pay it on, rates and allowances

Thank you.

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