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)
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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.
Web reference: https://www.propertysolvers.co.uk/
Answered on Jan 24 2017, Report content
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