To sell a house

18th November 2017 by Liz Densley

To sell a house

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!)

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