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Capital Gains Tax ?

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Relisys | 00:42 Wed 31st Jan 2007 | Personal Finance
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If I move house and downsize finishing up with say �100K clear, will I have to pay C G Tax on this amount?
If so, how much.
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Assuming the house you sold is the one you lived in, then the answer is no. Your 'principal private residence' is exempt from CGT.
09:31 Wed 31st Jan 2007
Assuming the house you sold is the one you lived in, then the answer is no. Your 'principal private residence' is exempt from CGT.

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