My client is in the process of selling their main residence which consists of a farmhouse 30 acres of farmland and four residential outbuildings.
The residential outbuildings were converted from barns and an old stable block. The sale of the house farmland and residential outbuildings are all being sold as one single transaction.
When reporting the capital gains tax on the sale of the outbuildings can readers please advise whether I need to report the gain on the outbuildings as one disposal or do I need to report the gain on each property separately; in other words make four separate UK property capital gains tax returns?
I also assume that as the farmhouse is fully covered by only or main residence relief that part of the disposal does not need to be reported within 30 days of the completion?
I look forward to...
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