Sue Wilson
-
RE: CGT calculation on barn conversion
So, there was no separate valuation we bought a house, an attached outbuilding, the barn with lapsed outline planning permission for holiday let only and 2.5 acres in one lot.- would we therefore have to find a valuation as at 1/94 for a barn in a similar situation? Thanks again for your help . -
CGT calculation on barn conversion
Please advise, we bought our main residence in 1994 for 95K . It included a barn with lapsed outline planning permission for conversion to a holiday let. In 2002 we converted it to a dwelling and have rented it out since 2003. How would CGT be calculated if we sell it separately now from our house title ? Thanks,