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CGT and a One year rule

Discussion in 'Accounting and Legal' started by ohdearme, Jul 30, 2019.

  1. ohdearme

    ohdearme New Member

    Hello I have just joined

    I bought a flat to let for £39,999 in 1994 and just sold for 440,000. I am shocked to hear that CGT may be £100,000. Can this be so?

    I have also heard that if I buy another place to let with in a year, this can be "delayed, or "rolled over"


    Can come kind person give me some guidance please.

    Greetingd
     

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