Property News · July 28, 2016

I want to know where I stand regarding capital gains tax


Will I be liable, as a home owner and landlord, for a charge if I buy another property before selling the one I live in? Q I need to obtain clarity on whether I would pay capital gains tax on purchasing a property using a bridging loan whilst I’m in the process of selling a second home. I own a small flat that is on a long-term rental while my main home is a flat in a popular area of London and is on the market for £450,000. It is located in an area that continues to show buoyancy with neighbouring properties selling quite quickly. Continue reading…

Source : theguardian.com
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