Author Topic: Vague question  (Read 8914 times)

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Offline Anne

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Re: Vague question
« Reply #30 on: March 04, 2019, 19:30:26 PM »
Shame it took so long for you to get sorted KK. 4% is better in our pockets 😐



Offline KKOB

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Re: Vague question
« Reply #31 on: March 04, 2019, 19:44:33 PM »
Well, we look at it this way Anne, finally getting the house legalised cost us around £7k and it's added roughly £250k to the value, so it's worked very well in our favour in the end.

We've just got to find a prospective buyer with a set of waterwings now.  ;)

Offline cenk

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Re: Vague question
« Reply #32 on: March 05, 2019, 08:31:15 AM »
There will be no capital gains tax for the seller, if the property is bought more than 5 years ago. Doesnt matter how much it was  bought for and  how much it is sold for.

Offline babcc

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Re: Vague question
« Reply #33 on: March 05, 2019, 14:37:31 PM »
I asked the question originally and then disappeared - apologies.  Still awaiting what the cost is going to be but once i know will let you know.  Thanks for all the responses - much appreciated

B x

Offline Anne

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Re: Vague question
« Reply #34 on: March 06, 2019, 09:39:44 AM »
Thanks Cenk
There will be no capital gains tax for the seller, if the property is bought more than 5 years ago. Doesnt matter how much it was  bought for and  how much it is sold for.




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