Site tax liability

[Affluence!]

hi guys, say the parents decide to sell a site to a developer, what rate of tax do they have to pay on the purchase? not sure if its relevant, but they own more than one property, any help would be greatly appreciated, thanks!

 

[ClubMan]

Presumably you mean what tax do your parents pay on the sale of the site? They would be liable for 20% CGT on any gain arising less allowances/costs etc. The calculations are summarised in the Revenue's guides to CGT on their website. If they are in any doubt then they should get independent, professional advice from an accountant/tax advisor.