CGT for a Land sale.
We acquired it on an options agreement therefore owned the rights to it for a period, but couldn't get the loan to purchase the site so gave it over to a new buyer and had the vendors solicitors pay me an Overage from the proceeds of the sale.
Overage £37,250.
Expenses about £15k on the site.
I believe it will be a 10% Capital Gains on Net gain (CGT allowance included). Require an accountant to deal with the CGT gain reporting.
Thanks