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Showing results for tags 'selling with planning'.
Was with a friend at the weekend ( yes really ) .. hes been lucky re a site but starting to panic about Capital Gains Tax . He bought a site for £25,000 , got planning permission a fews ago , got it valued last week with intension of selling ( as is ) now the site is worth £160,000 . He cant believe it ... He is renting , and has no other property , this site is his only asset . Is he liable for CGT ??