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Capital Gains Tax
Bohemian1234
Posts: 1 Newbie
in Cutting tax
Hi
I originally bought a property at a 50% shared Ownership. Then a few years later I staircased and bought the other 50% . Therefore owning 100%
When working out Capital Gains Tax, if I sell , do I look at the difference of the original 50% share value i originally bought at and today's Value
or
Do I look at the staircased value?
Thanks
I originally bought a property at a 50% shared Ownership. Then a few years later I staircased and bought the other 50% . Therefore owning 100%
When working out Capital Gains Tax, if I sell , do I look at the difference of the original 50% share value i originally bought at and today's Value
or
Do I look at the staircased value?
Thanks
0
Comments
-
CGT would be payable on the difference between the total of what you've paid and the sale value, but may not apply at all unless you bought to let?0
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