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Capital gains tax for right to buy

Ed-1
Ed-1 Posts: 4,039
Part of the Furniture 1,000 Posts Name Dropper
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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?

Comments

  • lincroft1710
    lincroft1710 Posts: 19,727
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    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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