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Opening a new pension fund from sale of second property

Laurajane101
Posted Tue, 02 Jul 2024 10:01:40 GMT by Laurajane101
I am due to sell an house soon if things go ahead and my CGT gain of around £100,000 will create a CGT bill of circa £20,000 with the majority being taxed at the higher rate of 24%. My income moving forward will be circa £26,000, if I open a new pension fund, how much can I offset the sale of the properties CGT to reduce the rate to 18% please.
HMRC Admin 5 Response
Posted Fri, 05 Jul 2024 10:08:10 GMT by HMRC Admin 5 Response
Hi

HMRC cannot advise you on this as it is financial advice which we are not authorised to give.

Thank you
Laurajane101
Posted Fri, 05 Jul 2024 10:14:32 GMT by Laurajane101
I rang HMRC this morning and the really helpful person I spoke to has answered the question.

Feedback .

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