![ward_0](https://www.taxation.co.uk/images/default-source/files/field/image/ward_0.jpg?sfvrsn=b8c3ec1c_2)
Tax implications of converting barns and selling development land.
- Tax considerations should not outweigh commercial and familial factors.
- Relevant tax factors will be future plans for the property or the sale proceeds.
- Consider whether holdover rollover or entrepreneurs’ relief will be available to reduce a capital gain.
- Reductions in tax relief for interest paid on loans on buy-to-let property will reduce profitability.
- The VAT on property developments and conversions can be complex.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.