compulsory purchase

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    compulsory purchase

    I own a property in Middlesbrough which is to be compulsory purchased. It is due for demolition in the next three years. Does anyone knows the situation regarding capital gains tax. The value of the house has gone up since purchased and I have only owned it for just over three years. I understand that the shorter the time the property has been owned when sold the greater the percentage of capital gains tax - however I would not be choosing to sell the property as it returns good yields and feel doubly disadvantaged if the compulsory purchase is subject to tax loss.

    #2
    Originally posted by MrShed
    I have not heard this about paying a higher percentage earlier on...don't think that is true.
    Yup, it's "taper relief" - don't know the numbers without looking it up somewhere.

    Comment

    Latest Activity

    Collapse

    Working...
    X