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House selling or renting?

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Comments

  • Yorkie1
    Yorkie1 Posts: 12,933 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The thing that is swaying me the most at the current time is weighting up the paying off my mortgage with several factors. As i have been out of the property just under the year then i have 6 months before capital gains tax comes in which i would have to pay or move back into the house - can i see myself doing that? not really

    I thought you had 3 years to sell up before CGT kicks in.
  • misssaver12
    misssaver12 Posts: 84 Forumite
    edited 7 February 2014 at 10:55PM
    As of April this year it changes from 3 years to 18 months. I only realised it when the local radio announced it recently and realised how it changed things. Leaving less time to sell if you are in the predicatment of owning 2 houses.

    It's been done to deal with those people who exploit the rule of having 2 homes.
    Making saving money part of my life.
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