R rangerwing Guest 24 Jul 2007 #1 if you sell a property and capital gains tax is due on it but you decide to re-invest the money from the sale into buying another property .is capital gains tax still due on the first property? i appreciate if anyone can answer this,please.
if you sell a property and capital gains tax is due on it but you decide to re-invest the money from the sale into buying another property .is capital gains tax still due on the first property? i appreciate if anyone can answer this,please.
C ClubMan Registered User Messages 52,952 24 Jul 2007 #2 Yes. Rollover relief whereby CGT could be reduced/avoided/deferred when reinvesting capital gains was abolished years ago.
Yes. Rollover relief whereby CGT could be reduced/avoided/deferred when reinvesting capital gains was abolished years ago.