Tina Evans
-
RE: Definition of non-residential land
I have a question similarly relating that I cant find a answer to elsewhere, so sorry to jump in on this thread. We are selling a small field which has always been used for agricultural purposes, we graze our pet sheep and ponies on it and make our own hay. It is being sold to a family who will utilise it in the same way. The field has never been used or classed as residential and will not in the future be used as residential. I am assuming the Capital Gains will be 10/20% but I dont know how to report and pay it. When I log onto the website to report and pay it asks if its residential (its not), and when I click no, it then says I cannot continue. Please can you advise how I report and pay Capita Gains on a small piece of agricultural land? Thank you