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Should I sell my 2nd home or keep it????
Comments
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Hi all. Sorry for the newbie-type question
but does the CGT on selling a second home apply to the final value that it sells for or is it only applied to the profit/gain in value made since the property was bought?
Thanks0 -
Hi all. Sorry for the newbie-type question but does the CGT on selling a second home apply to the final value that it sells for or is it only applied to the profit/gain in value made since the property was bought?
Thanks
It's on the profit minus any exemptions..............and it's the exemptions where the minefields are (to me anyways!).
Ian.0
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