AlanVarley
Registered User
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My uncle is interested in renting his main residence long term and going abroad.
But concerned about a case on local radio, where a couple's house had gone up in value by 300k over 15 years but had to pay 60k capital gains tax as they only lived there for 7 years.
So the tax wiped out the profit of 8 years of rental
Is this possible ? doesn't sound write to me ?
But concerned about a case on local radio, where a couple's house had gone up in value by 300k over 15 years but had to pay 60k capital gains tax as they only lived there for 7 years.
So the tax wiped out the profit of 8 years of rental
Is this possible ? doesn't sound write to me ?