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I plan to sell my rented-out property to buy a dream home. Will I have to pay capital gains tax?


I lived in the £330,000 house before moving in with my partner but may accept £310,000 for quick saleQ I am in the process of selling a property to buy another and I am a bit confused about whether capital gains tax (CGT) will apply, so I was hoping you could maybe help clarify this.Here’s the situation: I bought my first and only house in July 2021 for £280,000 in cash. Continue reading…

Source : theguardian.com
Read more…I plan to sell my rented-out property to buy a dream home. Will I have to pay capital gains tax?

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