My brother has been told that if he sells land and buys land at the same time (or maybe within a year) he won't be liable to CGT/Stamp Duty.
Obviously i have advised him to get professional tax advise from an Accountant but can anyone confirm if this advise is correct & how it works?
Thanks..
i read the specific situations & he seems to qualify. he's not buying & selling land for a gain, he's selling farmland which is 20 miles from his house to buy farmland which is beside his house.
thanks for clarifying the rollover relief situation.
i read the specific situations & he seems to qualify. he's not buying & selling land for a gain, he's selling farmland which is 20 miles from his house to buy farmland which is beside his house.
Where the proceeds of the sale of certain business assets are re-invested in other business assets for
use in a trade,
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