This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Capital Gains Manual

Land: valuation: undivided shares: interest in entirety

Usually a person who owns or leases a parcel of land in its entirety will be the only disposer and their type of holding will be readily identified. However two or more owners may join together to sell their interest in different parcels of land in one transaction. This does not affect the type of holding each has and each parcel of land should be valued as a separate asset.

An example would be three individuals who each owned a field adjacent to the others. They may join together to sell the three fields in one deal to a developer. But each makes the sale as owner of his field, not as owner of an undivided share in all three fields.

Alternatively owners of different interests in the same parcel of land may join together to sell to one purchaser. An example would be the freeholder and leaseholder of an office block selling their respective interests to a buyer in one transaction.