CGT on sale of residential land

I have a plot of land on which I had a business growing tomatoes. This land has recently been designated as land upon which 2 residential houses can be built. If I sell this land to a property developer for them to build the 2 houses will I need to pay capital gains tax? If I do need to pay at what rate would this be? Thanks

Hi,
Yes if the value of the land has increased since you acquired it.
You will pay capital gains at either 10% or 20% depending in the gain and your level of incomet.
Thank you.