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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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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.

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