newbuild05
Registered User
- Messages
- 20
Hi all
Just a quick query. Myself and my cousin have been trying to sell our house now for the last 6 months but with no joy. i have recently finished my new house and am in the process of moving everything in and he has moved away from the area so neither if us is living in the house.
Since we cant sell it we are thinking of renting it for a while then trying to sell it again maybe in 6 months to a year. My question is will we be subject to capital gains tax if we do sell after renting it out for 6 months to a year even though we dont have many options at the moment other than renting as we cant sell??
Thanks all
Just a quick query. Myself and my cousin have been trying to sell our house now for the last 6 months but with no joy. i have recently finished my new house and am in the process of moving everything in and he has moved away from the area so neither if us is living in the house.
Since we cant sell it we are thinking of renting it for a while then trying to sell it again maybe in 6 months to a year. My question is will we be subject to capital gains tax if we do sell after renting it out for 6 months to a year even though we dont have many options at the moment other than renting as we cant sell??
Thanks all