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surfineddie
Guest
My partner and I are seperated. We couldnt sell house in current climate. We both left and it was empty for considerable time while we weighed up options. We then let it to another couple. Plan (very loose) is to hold out till market returns and sell. I was told recently that since it is let out and neither of us live their that it is not a family home anymore and is technically an investment property and therefore when we sell we will be taxed on any profit as if it was a family home. We lived there for 12 years ffs and its only rented out a few months. She lives in rental property now and I live in my parents house. Is this true? that we would be taxed on any profit from sale. Also any info on tax of rental income (which doesnt fully meet mortgage) would be appreciated.
surf on
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surf on
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