Will Delayed House Sale Mean CGT Bill?
•SupposethatwheneverhewasworkingelsewhereJlethishouse•Calculatethechargeablegain CGT-PPR •Answer CGT–PPR •Morethanoneresidence•ElectforPPR•Within2yearsofacquiringsecondresidence•MustactuallyresideinbothBUT•Neednotactuallybeyourmainresidence CGT–PPR Planningpoints:Electforpropertywithgreatestgain...
On valuable products or assets sold at a profit, capital gains tax may be due. If you make enough money from antiques, stocks, precious metals, or second residences, you may be liable to the tax. Individuals must pay at least half of their marginal tax rate on gains obtained through asse...