Our Client's PPR is on a half acre site. They are selling half of this site (ie quarter of an acre, land only) for €210,000. The remaining quarter acre (house and a portion of land) will be valued at roughly €230,000. The Client inherited the site in 1981 (For the sake of a calculation, we have assumed market value at that time of £20,000). What would the tax implications be of the above sale, and furthermore the tax implications of the potential sale of the remaining portion?
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