Simon Porter
Joined: 11/5/2024
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If I'm selling my principle address do I need to pay capitol gains tax
I currently live with my mum and own a rental property. She wants to gift me the procedes of the sale of her house we live in. The I will buy a new one with a mortgage and we'll move into that one. I'm just wondering if I have to pay tax as a second home even though I live in it.