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Sam
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Category: Tax
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Are local councils liable Gains tax on the sale

Resolved Question:

are local councils liable for Capital Gains tax on the sale of property
Submitted: 2 years ago.
Category: Tax
Expert:  Sam replied 2 years ago.
Hi
No - they are were not,as they provide affordable housing plus most houses now are owned by housing associations, the council own none. And the housing associations also are not liable to capital gains
Thanks
Sam
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