Property News · November 19, 2015

I have to sell a flat that's rented out – how much capital gains tax will I pay?


I am wondering if I would avoid the tax if I moved back into the flat and made it my main home until it sold Q I bought my flat for £44,000 in February 1997 and lived there alone until February 2011. My girlfriend and I then bought and moved into a new house. I kept the flat and have rented it out since then. My girlfriend and I are now splitting up and are discussing the possibility of me buying her out of the house we bought together. To finance this, I would need to sell the flat and understand that I will have to pay capital gains tax when I do so. Continue reading…

Source : theguardian.com
Read more…I have to sell a flat that’s rented out – how much capital gains tax will I pay?

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