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Selling part of your land for development.

Selling part of your land for development

If you are interested in getting equity out of your home and property, you might want to consider the idea of selling part of your land. There is an extensive demand for new homes throughout the UK and a number of homeowners actually have very large gardens. By selling part of the garden it's possible the developers would be able to build houses in this area and with minimal headaches on the part of the homeowner.

Ultimately, developers are in a bind throughout areas of England. The government has promised a certain number of houses and many developers are without options when it comes to finding land for their developments. If you have at least a quarter of an acre that you could sell, you may want to consider some of these top ideas with relation to selling part of your land for development:

The taxes: Selling part of your land generally makes you exempt from capital gains taxes through principal private relief. As long as the ground that you are selling is less than 1.2 acres, it is very likely that you can just get money from the developer tax-free.

Getting the permission to develop part of your garden will be on the part of the land developer. If there are any structures or homes on the land and you are selling completed property, this is an area where you could be subject to paying some taxes. The best idea for selling part of your land for development is choosing land that is typically undeveloped. Even if it's a garden plot or an area on your property that has remained empty and undeveloped for years, you could be profiting from this extra land that you have in the UK.

If you are interested in learning more about this opportunity and you live in a desirable area, you should consider the idea of appraisal. Speaking to a professional can help you properly plan for taxes, market the portion of the land that you would want to sell for development and then begin speaking to perspective developers about the profits that you could make off of the extra land on your property.

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