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I assumed that after 7 years I could "buy" the cabin off the LTD for a nominal fee, but could be wrong there.
In which case, you as the individual would again pay CGT, based on the appreciation in value of your home, pro rated to the proportion of land area covered*, again, irrespective of the sale price of the cabin itself.
* Given the size of your laaaand, that might mean this works out quite nicely for you.
NotThamesWater-
you as the individual would again pay CGT, based on the appreciation in value of your home, pro rated to the proportion of land area covered, again, irrespective of the sale price of the cabin itself
Isn’t the solution then to sell the cabin separately from the rest of the property? Argue that it’s like selling a caravan or something.
NickCJ
If i'm honest I don't know, but it is not something my accountant flagged up as a potential issue, and we are in our forever house, so I am aiming to die here...
I assumed that after 7 years I could "buy" the cabin off the LTD for a nominal fee, but could be wrong there.