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saving advice needed
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https://www.gov.uk/tax-sell-property/work-out-your-gain explains what can legitimately be deducted from the gross gain to reduce CGT liability, but it'll still be pretty substantial if the property's value has more than doubled during your ownership.kooboy said:
Yeah, I'm asking advice on how to save on CGT..GrumpyDil said:And as you are selling a rental property assume you are aware of the requirement to pay CGT on the increase in value.0 -
Don't forget the gain will need to be reported online to HMRC and any CGT paid within 60 days of completion of salekooboy said:
Yeah, I'm asking advice on how to save on CGT..GrumpyDil said:And as you are selling a rental property assume you are aware of the requirement to pay CGT on the increase in value.
https://www.gov.uk/tax-sell-propertySave £12k in 2022 #54 reporting for duty0
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