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    goldenbloom's Avatar
    goldenbloom Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 11, 2007, 12:40 PM
    Capital gains tax
    I baught a house for £208,00 in 1999 and sold for £475,000 in 2006. I let two of the bedrooms as b/b accommodation this was our only residence. We baught a house for £307,000 do I have to pay capital gains tax on the the excess that I banked
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 15, 2007, 11:33 AM
    The use of your monetary symbol for UK indicates that you are asking a question about capital gains in the United Kingdom.

    This forum is for United States taxes, not UK.

    I know of no tax advisor on this forum who can answer questions regarding UK tax law.

    Sorry!
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