Do I Pay Capital Gains on a Sold Property?

One Answer

1. Tim Doherty says:

   9th October 2018 at 9:17 am

   Yes would be my answer.

   One of your properties will be your principal private residence (PPR) and when this is sold you do not usually pay any tax on gains made.

   A second property, be it a holiday home or an investment property, will be subject to capital gains tax and possibly income tax on any trading activity.

   If you are in any doubt here you should talk to your Accountant.

   Tim Doherty, Build It expert

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