We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Capital gain and child maintenance
Options
Bobajob007
Posts: 1 Newbie
Looking for some advice here please. I am currently a paying parent on a child maintenance setup.
I am considering selling a house I have had for a long time and will no doubt attract a capital gain.
I spoke with my accountant about this today and he was of the opinion that a capital gain following a house sale was exempt from being used in any future assessments. He indicated it was capital gains that were earned that were used in assessment therefore this would be out with earnings. I can't really find any info to support or refute this suggestion can anyone advise here please?
Many thanks in advance
I am considering selling a house I have had for a long time and will no doubt attract a capital gain.
I spoke with my accountant about this today and he was of the opinion that a capital gain following a house sale was exempt from being used in any future assessments. He indicated it was capital gains that were earned that were used in assessment therefore this would be out with earnings. I can't really find any info to support or refute this suggestion can anyone advise here please?
Many thanks in advance
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards