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0333 577 3452
info@joseph-land.co.uk
Frequently asked questions
General
Several factors determine whether land is suitable for development, including planning policy, access, surrounding land use and local demand for housing. Indicators such as road access, proximity to existing services and nearby development can all strengthen the potential.
However, even land that looks unsuitable at first glance can still offer opportunities. The best way to be sure is to have a professional assessment. At Joseph Land Ltd, we review planning constraints, development feasibility and site potential to provide honest, informed guidance, with no obligation.
You do not need planning permission in place before selling your land. However, having planning permission can increase the value of the land and make it more attractive to potential buyers.
Valuations by surveyors strongly reflect whether planning has been granted.
If you’re unsure whether your land has development potential, it’s a good idea to seek professional advice before making any decisions. At Joseph Land Ltd we can help assess suitability, guide you through the process and explore options that maximise the value of your asset.
Typically, we will enter into a 12 month Option Agreement with you, with a 6-month extension-option should we need to re-submit a planning application or deal with unforeseen circumstances.
We aim for 12 months as a worst-case scenario but typically look to achieve planning before this. We will keep you informed on key stages of progress throughout the process but have the right to exercise the Option Agreement as soon as planning has been approved.
The timeline to get planning permission varies depending on the project’s complexity and local council requirements. On average, it can take 8-12 weeks, but our team works diligently to expedite the process wherever possible.
An Option Agreement is a binding contract between a landowner and a land buyer where the buyer has the option to purchase land within a certain time frame, subject to planning. Typically, we will enter into a 12-month Option Agreement with you, with a 6-month extension-option should we need to re-submit a planning application or deal with unforeseen circumstances.
This will depend on your personal circumstances, and we always advise that our customers speak to a Capital Gains Tax specialist if unsure. But here is what HMRC are saying:
You’ll be entitled to full relief where all the following conditions are met:
• the dwelling house has been your only or main residence throughout your period of ownership
• you have not been absent, other than for an allowed period of absence or because you have been living in job-related accommodation, during your period of ownership
• the garden or grounds including the buildings on them are not greater than the permitted area. (The area of garden and grounds of a person’s residence that qualifies for relief is referred to in the legislation as the permitted area. The permitted area includes the site of the dwelling-house. S222(2) TCGA92 defines the permitted area as 0.5 hectares. If the garden and grounds of the residence, including the site of the dwelling-house, do not exceed the permitted area then relief is automatically due for that whole area.)
• no part of your home has been used exclusively for business purposes during your period of ownership. Working from home using a room that is also used for non-business purposes will not prevent entitlement to full relief
If you meet all of these conditions, you will not have to pay CGT on the disposal.
We offer 17 years local property knowledge in the Yorkshire Property Market.
Head of sourcing is Director Liam a member of the RICS ( Royal Institute of Chartered Surveyors) offering extensive expertise, and a network of strong partnerships across the region.
Liam has previously provided surveying work on new build developments for both National house builder clients and local SME developers including Barratt Homes, Avant Homes Redrow and many more.
We also work with a team of experts at Land Profits,(https://land-profits.co.uk/) run by Ella Hardy, who has over 15 years experience in planning uplift and land development.
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