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Capital Gains Tax on Second Property Sale

 
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neillb



Joined: 01 Oct 2005
Posts: 16
Location: Warwickshire
PostPosted: Wed Jan 24, 2007 10:13 am    Post subject: Capital Gains Tax on Second Property Sale Reply with quote
Hi.

I met my current partner about 3 years ago. We both had our own properties. When we decide to move in together, I sold my house and moved in with her. Then after about 7 months, we bought another property, moved into it, and rented hers out. That was a year ago last June. We're now looking to sell her property, but obviously want to avoid paying Mr Brown too much (capital gains) tax. What's the best way to legally pay nothing, or very little?

Cheers

Neill
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juco



Joined: 18 Sep 2007
Posts: 59
Location: scotland
PostPosted: Tue Nov 06, 2007 9:45 pm    Post subject: Reply with quote
Wait till April 2008 and the capital gains tax is only 18%
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