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Hello my name is ***** ***** I will help you with this.
Will you be living in the new home or just a refurbishment and sell it on please?
I don't intend to but if I have to, how long do I have to be in the property?
In that case if it is not your main home then yes you will have to pay tax.
Whatever profit you make then you will need to split that.
You would pay tax on that capital gain.
You get £11,000 tax free before you have to pay taax
Then you pay tax on the balance
Can I clarify anything for you about this today please?
If one of us lived in the flat could Capistrano gains tax be avoided and how long would occupancy have to be to achieve this?
Does that help?
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