Whitehouse678 Whitehouse
-
RE: CGT and Charity Donations
Hello Clive and HMRC Admin 32, I have read the guidance note. It seems to imply that I have to donate the asset (the house) to charity not the proceeds or profit. I was hoping to sell my second home then donate all of the profit (capital gain) to one or more charities before the 60 day period had expired. Am I right in understanding that I would still have to pay CGT on the capital gain? Thanks. -
RE: CGT and Charity Donations
Hi HMRC and Graham, I have the same question but this is nothing to do with foreign income. I'm a UK resident and about to sell a UK second home. I would like to donate all the profit after expenses and purchase cost to charity. Do I have to pay CGT?