I purchased a property for 130000 in 2002 and lived in it until 2014. I borrowed 6,000 from the credit union at the time of purchase. Borrowed an additional 25,000 in 2005 (remortgage) and 45,000 (additional mortgage) in 2009. This was for home improvement, bungalow attic conversion etc. The house is valued at 170,000.
I am unsure if I have to pay capital gains tax or if this is classed as a loss. Thank you in advance
I am unsure if I have to pay capital gains tax or if this is classed as a loss. Thank you in advance