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CGT - 2nd Home Tax

Answer
linngate Rae
Posted Sun, 13 Oct 2024 20:45:18 GMT by linngate Rae
I live in Scotland and have recently sold a 2nd property I owned. When calculating CGT due, can I include the 2nd Home Tax that I paid in my Buying Costs?
Answer
HMRC Admin 19 Response
Posted Tue, 22 Oct 2024 10:49:31 GMT by HMRC Admin 19 Response
Hi,
Yes, you can include this.
Thank you.
Answer
John Pike
Posted Tue, 22 Oct 2024 12:18:48 GMT by John Pike
I own one property that I now let out as I reside in my partner 's home (her property). If I sell my property will I have a cgt liability?
Answer
HMRC Admin 17 Response
Posted Tue, 29 Oct 2024 11:35:12 GMT by HMRC Admin 17 Response

Hi ,
 
Yes if there has been an increase in value - See:

Capital Gains Tax: what you pay it on, rates and allowances   .


Thank you .

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