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Capital gains tax

Started by James83, August 31, 2019, 10:35:47 PM

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James83

I understand that if you sell your, rental property and make a profit, you must pay capital gains tax unless you invest all the profit into buying another property. So if you buy a property abroad with your profit are you similarly exempt from CGT? Or do you have to pay CGT?

Simon Pambin

There's no rollover relief on rental property, so you'll be liable to CGT either way.