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property taxation

Posted by ian paul - Created: 14 years ago
0 0

am currently converting a barn. I plan to sell it in May, am I liable for CGT?

I have owned the property since October last year.

Can anyone help me?


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1 reply

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Posted by me_2003 - 14 years ago

the simple answer is yes...

the only property that you will not pay CGT is your primary residence and you have to your primary residence for aleast 3 years to avoid CGT.