How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask taxadvisor.uk Your Own Question
taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4973
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
54961312
Type Your Tax Question Here...
taxadvisor.uk is online now

What tax do I have to pay on selling our home together with

Customer Question

What tax do I have to pay on selling our home together with the garden which will have three building plots with a combined area of less than 0.1 hectare?
Submitted: 1 year ago.
Category: Tax
Expert:  taxadvisor.uk replied 1 year ago.
Hello and welcome to the site. Thank you for your question.

Provided you are selling your home that has been your main residence throughout the period of ownership, all gain made would be covered by private residence relief. You have stated that the combined area is 0.1 hectare which equates to roughly 1000 square metres. This would be covered by private residence relief.

Confirmation of this and more information on private residence relief can be found here

https://www.gov.uk/tax-sell-home


I hope this is helpful and answers your question.

If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.

Related Tax Questions