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Capital Gains Tax

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Can anyone advise me please. I am selling some investment property but wissh to wait until after April 6th 2008 to benefit from the reduced rate of CGT. Does anyone know if CGT is applied on exchange of contracts or completion. If it is on the latter, I can exchange contracts pre- April 6th. Obviously dont want to do this until I am sure that I wont be liable for CGt at the pre Apriil rate. Thanks

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  • silvercar
    silvercar Posts: 49,628 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
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    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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