mazmad
Joined: 8/10/2024
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CGT on jointly inherited property building plot
Property inherited jointly, since inheriting we have gained planning permission for a plot in part of the garden. Question is, if the house and plot are sold separately would CGT be applied? Property was inherited all tax paid and we have the probate value. Currently, selling separately or as a whole would not take the value over the probate value due to slowdown in market. Any advice please?!