The farm is in a partnership agreement between myself and my wife.
If we were to sell a building plot we have on the farm and reinvested the money in buying more land do you pay tax on the money gained from selling the building plot?
I will look for some professional advice in due course but in the mean time I was wondering if anyone has done similar and if it's straight forward.
If we were to sell a building plot we have on the farm and reinvested the money in buying more land do you pay tax on the money gained from selling the building plot?
I will look for some professional advice in due course but in the mean time I was wondering if anyone has done similar and if it's straight forward.