We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
pension/house sale
mazzy
Posts: 114 Forumite
I hope I have posted in the correct part of the forum, if not apologies.
I am trying to help a friend who is in a muddle at the moment and wondered if someone here could help. I am not sure of all the facts but will do my best.
She has her own house and inherited another on the death of her father, I believe she had half share and has bought her brother out. She has spent a lot of money doing it up and wishes to move in there and sell her other house.
In August she partially retires from work and wll receive a lump sum and a pension. What she is not sure of is if she sells her house does she pay capital gains on it and also is it best not to sell it in the same year as she gets her lump sum.
I am trying to help a friend who is in a muddle at the moment and wondered if someone here could help. I am not sure of all the facts but will do my best.
She has her own house and inherited another on the death of her father, I believe she had half share and has bought her brother out. She has spent a lot of money doing it up and wishes to move in there and sell her other house.
In August she partially retires from work and wll receive a lump sum and a pension. What she is not sure of is if she sells her house does she pay capital gains on it and also is it best not to sell it in the same year as she gets her lump sum.
0
Comments
-
no cgt to pay as it was her main residence. when she receives the sum has no bearing either0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards