Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error
Selling second home, buying buy to let - CGT?
+ Reply to discussion
Options
Chris Green
Posted: 30 July 2019 19:14:04(UTC)
#1

Joined: 30/07/2019(UTC)
Posts: 2
If I reinvest proceeds from sale of our second home into a buy to let property, do I have to pay capital gains on the sale?
Purchased for £250k with £160k interest only mortgage 9 years ago, value now £400k.
Intend to a) buy a buy to let in different area for £400k max with £300k interest only mortgage, b) buy similar residential property with residential mortgage of same value.
Any suggestions?
Thanks
Back to top Quote
D Bergman
Posted: 30 July 2019 20:22:10(UTC)
#2

Joined: 22/03/2018(UTC)
Posts: 1,308
You seem to have started a second thread with the same query.
Back to top Quote
+ Reply to discussion

Markets

Other markets