Compulsory purchase of land and Capital Gains Tax

Compulsory purchase of land and Capital Gains Tax

Farmers and landowners who lose land under a Compulsory Purchase Order for a new road scheme have many things to consider, including Capital Gains Tax, and legal or valuation issues.

7 ways to potentially cut your Capital Gains Tax - My Continuum

Capital gains tax or CGT is the tax you pay on profits when you sell assets, such as shares, property and other investments. Shrinking allowances and frozen income tax thresholds mean it’s costing more people more money every year. The tax-free allowance on capital gains was reduced from £12,300 to £6,000 in April 2023 and slashed again to just £3,000 in April 2024. As of 30 October 2024, basic-rate taxpayers pay 18% on gains, while higher and …