Even before planning consent is granted, or even applied for, the value of land may be affected by the possibility of development being able to take place. It is particularly difficult to quantify such “hope value”, but it may be important to bear it in mind for inheritance tax planning.
CLA’s handbook discusses possible long-term tax planning measures and reliefs which may be claimed; different types of contractual arrangements which may be entered into with third parties and how they affect capital gains tax (CGT); and gains subject to income tax rather than CGT.
To order this handbook:
telephone 020 7460 7969 - please have your membership and credit card numbers to hand;
go to the CLA online shop.
Price for members: £29 - Price for non-members: £129