Grand Designs: building a shed in Peckham

[Chris J Dixon]

And the timing of the sales are crucial to minimise CGT.

Chris

[Mike]

I think I would sell the house first retaining the land, then sell the land later. The house was seriously devalued by that monstrosity.

[Jon]

I had all my kitchen appliances ripped out during my last project. They flooded the place too when the washing machine came out. Everything was carried out of the front door and, of course, nobody saw anything....

[The Natural Philosopher]

Thts what most houses are.

[Chris J Dixon]

IIRC doing it that way, the land gets full CGT, as it is no longer part of your main dwelling.

Chris

[Andrew Gabriel]

Perhaps the first appliance should be the burglar alarm.

[Mike]

True. But as the land went at auction for only £40k, and you would have owned it for many years, and provided you were married and had it in joint names, you should be able to mimimize the tax due.