Crosswords0 min ago
Capital Gains Tax ?
1 Answers
If I move house and downsize finishing up with say �100K clear, will I have to pay C G Tax on this amount?
If so, how much.
If so, how much.
Answers
Assuming the house you sold is the one you lived in, then the answer is no. Your 'principal private residence' is exempt from CGT.
08:31 Wed 31st Jan 2007