i LIVED IN A HOUSE FOR 5 YEARS THEN RENTED IT OUT FOR 5 YEARS FROM WHEN DOES CAPITAL GAINS BEGIN?
I have been told that I must pay CGT on the whole profit from 1998 until 2008.Although if I sold it in 2003 when I started to rent it out I would not be liable for CGT. Can someone please explain.
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4 Answers
01 February 2010