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Where Taxpayers and Advisers Meet

Selling your own home

ck_uk
Posts: 8
Joined: Wed Jun 10, 2015 4:17 pm

Selling your own home

Postby ck_uk » Tue Jul 14, 2015 9:57 pm

I understand that when selling a property which is not your own home (i.e. a second home) you can claim for refurbishment (improvement) costs etc against CGT.
However, I'm not quite clear on how that works when you sell your own home. Are the calculations totally different in terms of being able to factor in any money spent on improvements and selling fees etc?

Peter D
Posts: 10668
Joined: Wed Aug 06, 2008 3:37 pm

Re: Selling your own home

Postby Peter D » Tue Jul 14, 2015 11:01 pm

If you sell your own home ( PPR ) there is no CGT liability. Regards Peter


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