TAX on Self Build in Garden and on same title?Make Text Bigger
I am living in a house for last 5 years that have large garden and recently got Planning for building another similar house in the garden.
I want to build the new house as self build and move in to it as my PPR.
Once I moved into new house I want to renovate the current house with a bit of extension and rent it out.
No intention to sell any one of them in short term.
What are the TAX implications on this situation?
Also the current house have 1 land registry title with the garden and new house is part of the garden.
Do I need to split the title separately?
If I need to split – when do I need to do that and will I be having any TAX implications?
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