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Capital gains tax for right to buy

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Ed-1
Ed-1 Posts: 3,958 Forumite
Part of the Furniture 1,000 Posts Name Dropper
If a property bought under right to buy at a discount is later sold by the same owner, do they pay capital gains tax on the sale price less the original discounted purchase price?

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  • lincroft1710
    lincroft1710 Posts: 18,905 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If it was sole or main residence then no CGT is payable.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
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