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F E Smith
F E Smith, Advocate
Category: Law
Satisfied Customers: 10498
Experience:  I have been practising for 30 years.
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I bought a house in 2005. I didn’t rent any of it out as my

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I bought a house in 2005. I didn’t rent any of it out as my father was living there. Two years ago I rented the upstairs out to cover interest on mortgage.
I live with my boyfriend, now fiancé. My name is ***** ***** any other uk property.
Do I have to pay a lot of tax when I sell. I purchased at 189k then remortgaged for 100k so the outstanding interest only mortgage is 298k
It is worth around 730k
Thanks katy

Hello for clarification you are not living there at present? how long ago did you leave?

it is rented out at the moment?

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Customer: replied 4 months ago.
The top floor is rented out as of two years ago.
I left in 2006 or 2007?