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Selling a plot of undeveloped land is possible. There are three main ways that you can sell a plot of land: selling it without any planning permission, selling it on a “subject to planning” basis, and selling it with planning permission. Selling a plot of land without planning permission – This is the simplest approach because you can ...
Usually when you sell your home, you will not have to pay capital gains tax because of primary residence relief. However, if you are selling a plot of land, your tax position can be a lot more complex. While the primary residence relief will usually extend to a sale of part of your garden, there are circumstances in which you may lose this. So ...
Sep 3, 2024 · September 3, 2024. On current estimates, the United Kingdom needs over four million new homes to meet its housing needs. So, if you own a small plot of land which you no longer need or wish to maintain, now could be a good time to sell, especially if your plot has development potential. ‘The prospect of selling to a neighbour or family member ...
Help you with selling sites, from single units to large-scale developments. Offer specialist legal advice on land for sale all over Scotland. Draft options agreements, overage and uplift provisions. Speak to our contacts in planning and quickly determine if your land is likely to get approval for development. Check and advise on access rights.
Sep 4, 2024 · Usually when you sell your home, you will not have to pay capital gains tax because of primary residence relief. However, if you are selling a plot of land, your tax position can be a lot more complex. While the primary residence relief will usually extend to a sale of part of your garden, there are circumstances in which you may lose this.
Sep 4, 2024 · Selling a small plot of land. - September '24. By Richard Reed Solicitors. On current estimates, the United Kingdom needs over four million new homes to meet its housing needs. So, if you own a small plot of land which you no longer need or wish to maintain, now could be a good time to sell, especially if your plot has development potential.
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Let’s consider each in turn. . 1. Sell it as it is, without planning permission. This is the quickest way to get a receipt, but it’s also the option that will result in the lowest value. Any buyer would be investing their money in the hope that they would be able to secure a planning permission in future.
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