Is Capital Gains Tax payable on compensation for loss in property value resulting from a land sale?

[ClubMan]

And I stated the facts incorrectly to boot. The agreement is with the fellow part-owners (which makes far more sense!)

What does that mean and why does it make more sense?

 

[NoRegretsCoyote]

What does that mean and why does it make more sense?

Ditto.

The question is even harder to answer now.

 

[Gordon Gekko]

It now sounds more contrived if I’m reading it rightly (which is a challenge given the shifting sands).