Is Agricultural Land Exempt from Capital Gains Tax?
Capital Gains Tax (CGT) is a significant concern for property owners in the UK, especially for those owning agricultural land. The question of whether agricultural land is exempt from CGT has been a topic of much debate and confusion among landowners and potential investors. In this section, we will delve into the fundamentals of CGT, how it applies to agricultural land, and explore the reliefs and exemptions that may be available to landowners.