Land or buildings acquired between 7 December 2011 and 31 December 2014

If you dispose of land acquired between 7 December 2011 and 31 December 2014 then you may be due relief on CGT. You must have owned the land or buildings for at least 7 consecutive years.

You can reduce the gain by the number of years you owned the property divided by 7 years, so if you owned land or buildings for 10 years, the gain will be reduced by 70%.

You can claim this relief in respect of land or buildings in this country or in any European Economic Area (EEA) state.