Hi,
I am selling my house, which I have owned for 5 years, and lived in it all that time. It looks like it will sell for 100k over what I bought it for, that's what last bid is at. There has been about 15k of renovation done in that time. The valuations we got for it equal what the current bid is. It has a side garden, suitable for development. Everything I have read so far points to me being CGT excempt, but would like others opinions.
I am selling my house, which I have owned for 5 years, and lived in it all that time. It looks like it will sell for 100k over what I bought it for, that's what last bid is at. There has been about 15k of renovation done in that time. The valuations we got for it equal what the current bid is. It has a side garden, suitable for development. Everything I have read so far points to me being CGT excempt, but would like others opinions.