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I have sold a flat which I rented out and I have bought

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I have sold a flat which I rented out and I have bought another property which I rent.
Do I have to pay a tax on purchasing the second property

Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.

By using Rollover Relief (RR) the Capital Gains tax (CGT) from the first sale is rolled over to the second and will be charged when the new property is disposed of at some indeterminate, future date.

I do hope that I have been able to set your mind at rest on this matter..

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