Capital gains tax can cast a shadow over selling your house, but there may be a silver lining to this particular cloud.
We’ve recently come across several situations where a GP originally bought a home to live in, moved away for work, rented it and subsequently sold it – often at a substantial profit. Will that profit be taxable?
The rules for reliefs in this situation are very complex (to the extent that we have a 300 page textbook just on the subject!)