FTB liabilities

[kasko]

Hi,

I bought 2 bed apartment as a FTB for 265,000 and now it's selling for 345,000. It has not been completed yet, although it should be in the coming weeks.

So I am thinking of selling it before I even move in and trying to get 3 bed house further away where I could afford it now given the profit that has been made.

But, would anyone know what my liabilities are in case I sell it considering that I bought it as a FTB (exempted from stamp duty). Capital gains tax?


Thanks

 

[ClubMan]

A search for "flipping" (the term for selling on a contract in this way) .