From: Terry Harper 
Newsgroups: uk.finance
Subject: Re: CGT and building plot
Date: Thu, 01 Sep 2005 18:39:02 +0100

On Thu, 1 Sep 2005 11:02:06 +0100, "Glen Watson"
 wrote:

>I have been granted planning permission to build a second seperate dwelling
>house in my garden.  I suspect (possibly incorrectly) if i either sell it
>either as a building plot or a fully developed house i will have to pay a
>large chunk of CGT. However what if i sell my current house and move into
>the newly built one only to move from there in a few years time, would this
>avoid incurring CGT on the sale of the newly built house ?

There is a plot size below which CGT does not apply if you sell part
of it for redevelopment. Have a look at the HMRC website
http://www.hmrc.gov.uk and look for CGT.
-- 
Terry Harper
URL: http://www.btinternet.com/~terry.harper/