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beesley
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| 28 Nov 2006 07:10:21 |
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| I have a flat i rent out,but plan on moving into it after the sale of my house,iam living in at the moment.If i live in my flat for 6 months and then sell it,will i have to pay the full amount of capilal gains tax? I still would have owned the flat for under 3 years. |
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Paul Mac
Posts:21
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| 20 Dec 2006 04:57:22 |
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| I think that you would have to live in the property for two years to ensure that you pay no CGT. The revenue are crafty sods and can easily check how long you've lived in a property and if the think that you've only moved into it to avoid CGT they'll impose CGT on you. Get some serious advice from a professional who knows - not the Money Centre that someone else mentioned elsewhere on here!!! |
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