I
infopls
Guest
I wish to trade up to a 3bed semi from a 1 bed apartment.
I own no other properties apart from the 1 bed apartment. At the moment the rent is covering the mortgage but i have only rented it less than a year. While I have had it rented I moved back with my parents. I want to sell this apartment and buy a 3 bed semi nearer my parents.
What I want to know is how will I be affected by capital gains tax?
I own no other properties apart from the 1 bed apartment. At the moment the rent is covering the mortgage but i have only rented it less than a year. While I have had it rented I moved back with my parents. I want to sell this apartment and buy a 3 bed semi nearer my parents.
What I want to know is how will I be affected by capital gains tax?