We are selling our main (and only) home after 9 months because we simply cannot afford itand hate the location. We will have made a profit of £35,000 will we have to pay Capital Gains Tax?
We are selling our main (and only) home after 9 months because we simply cannot afford itand hate the location. We will have made a profit of £35,000 will we have to pay Capital Gains Tax?
No. Any gain will be covered by private residence relief,
not if you become an mp.
No you don’t pay CGT on your main home.