Developing land with your neighbours
Where multiple owners of land all put their land together in a promotion agreement for development, they will all be hoping for the best outcome, but also to maximise what they receive.
Care needs to be taken to ensure that payments made between landowners to equalise the land value are not subject to double taxation and the ability to claim reliefs from tax is maintained.
Therefore, it is important to speak to business advisers that specialise in this field.
SFB can help with:
- Capital Gains Tax including Entrepreneur’s Relief and / or Rollover Relief
- Inheritance Tax Planning and preservation of wealth for families
- Planning permission and its tax opportunities
- Contracts for multiple landowners
To discuss developing land, please contact SFB on 03333 444 171 or email firstname.lastname@example.org.