Yet another CGT question

263 Posts


in Cutting tax
Hi. I am about to sell a second home. Bought for £120k in 2008, should fetch about £180k now. My question is, if i sell it in ,say, August 2022 i have almost no other income so far in this tax year. However, if i earn anything AFTER I have sold the cottage and paid my CGT bill, will i need to pay further CGT at some point because of that?
I hope my question makes sense. I have searched but not found the answer anywhere.
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(Ha sido divertido)
property to a member of the family etc, do it over two tax years so you get two allowances IMO but check first as i was advised of this by someone I know.
(Ha sido divertido)