Selling by to let g/f flat Goring
I have owned my buy to let flat for 3yrs and thinking of selling to buy a property for myself.How much capital gains would this incur?Thank you Gabrielle Andrews
Asked on Jan 22 2017, General in Worthing | Report content
Answers (1)
-
Your capital gains liability will be 18% or 28%, depening on the tax band you are in. Note that you will have an annual capital allowance of £11,100 (which you may be able to double with any co-owners) and there may be some other expenses that you can deduct. Best to speak to a qualified accountant. All the best with the sale.
Answered on Jan 24 2017, Report content
Didn't find what you were looking for? Ask a question
More General in Worthing questions on AskMe
-
Asked on Aug 17 2009, General in Worthing
1 answer - Answer this question -
Can you tell me Broadband speed for Carolyn House Littlehampton Road ?
Asked on Feb 18 2018, General in Worthing
1 answer - Answer this question -
Valuations increase since 1991
Asked on Apr 8 2016, General in Worthing
1 answer - Answer this question -
Asked on Jul 27 2015, General in Worthing
Be the first to answer this question -
Which agent sold a property - details
Asked on Mar 16 2015, General in Worthing
Be the first to answer this question