if sold now will be about 30k,
I could be wrong on this but I think CGT will only apply to the element of the increase in value that applied from 2005 to date of sale. Prior to 2005 it was your PPR and that part would be exempt from CGT.
I could be wrong on this but I think CGT will only apply to the element of the increase in value that applied from 2005 to date of sale. Prior to 2005 it was your PPR and that part would be exempt from CGT.
Longer we leave it, the hope is the value of the house grows to cover that but the tax % grows too.
nearly 5% on the IOM and 3.5 on the PPR.
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