W westside Registered User Messages 70 14 Jun 2007 #1 I am considering selling one investment property to buy another. Will I be liable for Capital gains as soon as I sell my existing property even if I use the entire funds to purchase another investment property?
I am considering selling one investment property to buy another. Will I be liable for Capital gains as soon as I sell my existing property even if I use the entire funds to purchase another investment property?
C CCOVICH Registered User Messages 8,826 14 Jun 2007 #2 If you are asking about rollover relief-it doesn't exist for investment properties. CGT will be due in the normal way.
If you are asking about rollover relief-it doesn't exist for investment properties. CGT will be due in the normal way.
C ClubMan Registered User Messages 49,236 14 Jun 2007 #3 Rollover relief in certain situations was abolished several years back.