Nicola Chubb
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CGT Tax when selling your Buy2Let which was originally your residential home
Hi, Am I right in thinking that when selling your Buy2Let property that used to be your home, the CTG tax is only applicable to the increase in value from when you started renting it out? (switched mortgage to Buy2Let valuation?) if for example you brought the house in 2008, lived in it as your main residential home on a residential mortgage for 10 years, and then past 6 years its been a Buy2Let? its not the what you paid originally for the house only the last 6 Years if its increased in value? many thanks,