Hi my husband and I rent the house we live in. We are having a house built but do not plan to live in it and sell it as practically its going to be too small for our needs.
Weve searched everywhere but before we pay a Tax Adviser for the answer I wondered does anyone know.
As it will be our only home we own but do not intend to live in it will we have to pay CGT or any tax on the sale? We intend to sell it and purchase another house from the sale proceeds.
Many Thanks
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