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Time limit for renting and tax
jammyjam
Posts: 35 Forumite
My flat is sold subject to contract. I will be moving into rented accommodation until I find something else to buy. Is there a time limit on renting after which I will be liable for tax on the equity from my flat?
0
Comments
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No, but you will pay tax on the interest on the savings in your bank account.
This is assuming it was your main residence where you were living.0 -
Thanks. It was my main residence.0
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