Originally posted by MarillionFan
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Capital Gains on Property
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merely at clientco for the entertainment -
Originally posted by MarillionFan View PostBasically, as it was your primary residence for a number of years then it falls under normally selling your home.
Capital Gains is not payable on your primary residence.
Technically any gains you made when it was rented out you should have to pay some CGT, but frankly I'd not bother with any of it.
Just sell it and keep the money, if necessary giving the GF some, if it was joint. All this, how long you were there for is a waste of time.
https://www.gov.uk/tax-sell-home
You don’t pay Capital Gains Tax when you sell (or ‘dispose of’) your home if all of the following apply:
- you have one home and you’ve lived in it as your main home for all the time you’ve owned it
- you haven’t let part of it out - this doesn’t include having a single lodger
- you haven’t used part of it for business only
- the grounds, including all buildings, are less than 5,000 square metres (just over an acre) in total
- you didn’t buy it just to make a gain
Not sure why you pipped up though fat boy.Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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Originally posted by SimonMac View PostNot sure why you pipped up though fat boy.What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by MarillionFan View PostBecause you're a whining bedwetter pissing their pants over nothing. But feel free to carry on.Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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Originally posted by SimonMac View PostThinking about selling the house I own, it's the only house I own but I don't live in it, I used to live in the house but after I split from my ex she stayed in the property and paid me rent, does this class as a BTL for CGT?
2. Open up a British Virgin Island Ltd subsidiary company (company B )
3. Sell the property to company B at a loss eg £120,000
4. Sell company B to your buyer at a profit eg £500,000
5. No capital gains, not tax and no change on the Landregistry.
6. Draw your money from company A
7. Like who they do in London every day!"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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