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Capital gains tax on 2nd property

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Comments

  • Mgman1965
    Mgman1965 Posts: 282 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    I get the impression the OP feels they shouldn't have to pay CGT as it's losing them profit/money.
  • runninglea
    runninglea Posts: 907 Forumite
    Part of the Furniture Combo Breaker
    The OP has still got to provide a home for MIL which is rent free for an indefinite time period.

    I think MIL should pay rent or help to do the general repairs/ maintenance that the property sounds like it needs.

    If MIL has another 10 /15 years rent free then she has had a 25/30 year period of rent free living.

    I know the OP is making money when they sell but they still need to provide a home for said MIL
    Year 2019 (1,700/£17000mortgage repayment)Overall mortgage (71,400/165568) (44
    .1%) (42/100) payments made. Total paid 2019 year £1,700
    Total paid 2017 year £15,300Total paid 2018 year £13,600
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