• Gift Or Sell Plot Of Land To Son?

    By Guest on 02nd Jun 2020

    I own 8 acres of agricultural land and want to transfer a 1 acre plot to my son's name. The land is worth about £5,000. He will apply for permission on the plot for 4 houses once in his name. If he succeeds, will I be responsible for any retrospective capital gains tax? Many thanks.

  • 4 Answers

    By NotaryExpress on 03/06/2020

    I would advise consulting an accountant or specialist tax adviser such as Sam Holloway over at M&A Partners on 01603227600 with regard to your tax query.

    www.notaryexpress.co.uk

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