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Will I get charged a Capital Gains Tax....
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or as others have said he can simply read adequately explained examples already written :rotfl:Cornucopia wrote: »In short, we reached the scope of sensible general advice a while back. You either need to read the notes and ask specific questions, or describe a specific scenario or scenarios and ask for advice about those.
http://forums.moneysavingexpert.com/showpost.php?p=69071134&postcount=60 -
Janet and John.
You will not have to pay CGT on any profit you make on your original home because this is your principal residence.
If you continue to have 2 houses you will be charged CGT on any profits you make ( over your yearly c£10,000 allowance) on the 2nd house because it is not your principal residence.
Cgt is 28% or 18% if you don't earn much.
Re principal residence-Not always the case. There are some exceptions, including if the property is on more than 1.25acres.0
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