Robert Griffiths
-
New build properties - How will capital gains work?
Hi Any advice appreciated I bought some land a number of years ago and divided into 2 plots with Land Registry We have now built on the first plot and have been living the the property for over a year. We are now thinking of building on the second plot, moving into the second house and then selling the first. We are aware that there may be capital gains implications. We are sure when we need to sell the first house to avoid capital gains implications. The second house will probably take a year to construct before we can move. Ideally we would like to remain in the first property and sell it when we move into the second. Any views or advice on this matter? Thankyou
Name removed admin .