CGT on sale of farm

[Zippy]

My mother is thinking of selling her farm, which has been leased for the previous eleven years. Is she liable for capital gains tax? By the way she is over seventy.

 

[Nige]

Yes, she will. As the land has been let for many years retirement relief won't apply.

 

[Graham_07]

Was the land leased under the Scheme for Early Retirement from Farming ? In that circumstance, I think Retirement Relief, which previously did not apply to leased farmland, may now apply to qualifying sales . see page 2 [broken link removed]

Scratch that, just noticed the disposal has to be within the family. So Probably not of use anyway in this case.

 

[Zippy]

Thanks for your replies.