Are you retired or Nearing Retirement? Your Garden Could Be a Tax-Free Goldmine
Did you know your back garden might hold the key to a more comfortable retirement — and even help support your family’s future?
More and more UK retirees are unlocking the value of their property by selling part of their garden for development. In many cases, this can be done without paying Capital Gains Tax (CGT) — if the sale qualifies under Private Residence Relief (PRR).
Here’s why it’s worth looking into:
Tax-free potential: If the land is part of your home and used as garden or grounds, you may not owe a penny in CGT.
Extra income: Ideal for topping up your pension, funding later-life care, or helping children or grandchildren onto the property ladder.
Legacy planning: Proceeds can be gifted or placed into trusts, making this a smart way to pass on wealth efficiently.
👉 Know someone retired who might benefit from this? Share this post or tag them!
⚠️ But be careful — if the garden is sold after development or no longer qualifies under PRR, you could face a CGT bill of up to 24%. Always seek tax and legal advice, as the right could save you thousands of pounds.
#RetirementPlanning #UKProperty #CapitalGainsTax #TaxFreeIncome #Downsizing #GardenSale #FinancialPlanning #LaterLifeWealth
