Tax question main residence

[Bunting2010]

Hi Odd question hopefully someone can help.

My main residence. I have been living in for the last 7 years.

Im building a small house on the side garden plot. Im told I wont pay any on the new build as its been my main residence for a number of years.

Im going to split the deed before the house is built. So the new house has it own title, my mortgage company are happy for me to split the garden plot.
My reason for splitting the plot is to get finance on the plot, as it will have zero borrowings against it.

My question if I spilt the deeds will it affect my tax position.

Thanks

[Bunting2010]

thanks! i will try that forum as well.

[Bunting2010]

thanks all really useful info, armed with info will setup a meeting with an accountant.