This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

Principal private residence: Garden and grounds

Shared from Tax Insider: Principal private residence: Garden and grounds
By Meg Saksida, August 2021

Meg Saksida explains the area of land considered as 'garden and grounds' for capital gains tax main residence relief and when this can be challenged. 

It has never been the intention of the Treasury to impose a tax charge on a gain made by an individual selling their family home. The logic behind this is that everyone must live somewhere and if, on the disposal of the main residence, there is a gain (in the absence of any trading), this is simply a happy consequence.  

However, there is a capital gains tax (CGT) charge on gains made on the disposal of fields, pony paddocks, pasture and other land. The question, therefore, arises: where do the grounds of a property end, and a field or other kind of land begin? What exactly are 'garden and grounds', and how large are they able to be and still achieve main residence relief for

This is one of our 2083 Premium articles

To see this article in full and unlock access to our complete library of 2083 articles click 'subscribe & unlock' below:
SUBSCRIBE & UNLOCK

Subscriptions include a 14 day free trial
+ money back satisfaction guarantee

Begin your tax saving journey today

Each month our tax experts reveal FREE tax strategies to help minimise your taxes.

To get Tax Insider tips and updates delivered to your inbox every month simply enter your name and email address below:

Thank you
Thank you for signing up to hear from us!