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JGM
JGM, Solicitor
Category: Law
Satisfied Customers: 11561
Experience:  30 years as a practising solicitor.
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I WANT TO BUY A PROPERTY (HOME) FOR CASH BEFORE SELLING THE

Resolved Question:

I WANT TO BUY A PROPERTY (HOME) FOR CASH BEFORE SELLING THE HOME I LIVE IN NOW WHICH I HOPE TO SELL WITHIN THREE TO SIX MONTHS. WILL I BE LIABLE FOR CAPITAL GAINS TAX?
Submitted: 1 month ago.
Category: Law
Expert:  JGM replied 1 month ago.

You will not be liable for CGT if you sell your existing property within six months. You will still qualify for private residence relief.

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Customer: replied 1 month ago.
That sounds good to me. Many thanks.
Jenny