Stamp duty

[aidan101]

Hi Folks

I've got a question about stamp duty and capital gains. I have a property that i lived in until 3 years ago which i now rent out. How do sell this property without paying capital gains tax. Secondly when i sell this property and which is our main residence within the next year i'll be buying another house as a our main residence. What percentage stamp duty will i have to pay? Any help would be greatly appreciated.

All the best

Aidan

[section 44]

How do sell this property without paying capital gains tax

Sell it for less than you paid for it.

What percentage stamp duty will i have to pay?

It would depend on how much you pay for the property and whether you have any additional properties.

[jpcentral]

If it was your main residence, you will qualify for Private Residence Relief and Letting Relief. Unless the figures are big, it is unlikely that you will have any CGT to pay.

You will need to give more detail of purchase date, purchase price and probable selling price for someone to give you a more detailed answer. Actual dates or periods of occupation/letting would also help.