JBD Smee
Joined: 3/27/2024
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Cgt farm land
Hi, very confusing this. Using real time to do return. Land valued at 400000 (1) 15 years ago when signed to us, sold last week for 600000 (2) after fees (all approx and rounded) so 200000 (2)-(1) between 5 40000. So do we all pay 10% on the 40000 or is too simple and way off the mark. Would appreciate any help or pointers