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Capital Gains Tax
Sam_Brown_2
Posts: 2 Newbie
We are currently considering buying a second property. We have just heard about capital gains tax.
If we do buy a second house and sell the first house at some stage in the future, does anyone know if we can avoid having to pay CG tax on the profits of our 1st house? Can this be done if we have lived in the 1st house and if yes, is there a rule about how long we must have lived there for?
Cheers!
If we do buy a second house and sell the first house at some stage in the future, does anyone know if we can avoid having to pay CG tax on the profits of our 1st house? Can this be done if we have lived in the 1st house and if yes, is there a rule about how long we must have lived there for?
Cheers!
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