CTG when selling Investment to buy another

[puzzled]

Hi
We are currently considering selling an investment property which we bought as investors and has been rented since. We intend to use the profit from the sale to buy a holiday home also to rent. Do we have to pay CTG if we're reinvesting the money?
Thanks in advance.

 

[ubiquitous]

Yes.

 

[Howitzer]

Yes. The Rollover exemption ended a number of years ago.

 

[puzzled]

Ah well worth a try - thanks.

 

[ClubMan]

CGT not CTG.