• Capital Gains Tax

    By Guest on 01st Jun 2020

    Hi, i would like to sell my Buy- to - Let property to purchase a residential property for my self. the property has gained in value since i bought it. will i have to pay CGT on this. is there anything that i can do to save on this amount

  • 1 Answers

    By NotaryExpress on 02/06/2020

    We do not provide tax advice but my general understanding is that yes, CGT is charged on the increase in value if you have not been residing there. If you were residing there for some of the time it can reduce the CGT charged. I advise consulting a professional accountant or tax specialist with your query.

    www.notaryexpress.co.uk

  • Post Your Answer


  • Do you want to be informed of further comments / replies? Yes No

Ask a Question

Search