Paul Z Smith

I possibly should have added that the expressed Right of Way being proposed to be altered is in some of the houses title deeds. Other houses rely on a prescribed right of way / easement and the compensation payment is in exchange for a change in title of all houses, to reflect the new proposed route.

My neighbours and I have a well established right of way / easement over a nearby lane owned by a developer. The developer wishes to alter our right of way, in order to create an entrance to a new estate. After protracted discussions, the developer has offered each household a sum which (I cannot disclose at this stage but) would take us all over our tax free allowances. For each house owner, their houses are their main home. Please advise whether CGT would be payable or would we benefit from Private Residence Relief? If CGT is payable, it obviously affects the true value of the offer from the developer. Thank you.