I bought my 3 bed house in January 20 for £520k which required complete refurbishment.
Shortly after purchasing I and my parents decided they would move in, so i decided to build into the loft and have a single story rear extension.
The works are now complete, but during the lockdown my parents decided they dont want to move in as they want to be close to their GP, high street etc.
The additional extensions and considerable work I did myself have increased the value estate agents have Said. The house is now worth £700k so I would have made a gain of £100k.
As I have only lived in the property for 8 months is that going to be a problem when I attempt to sell and would I have to pay CGT ?
Also I bought with a mortgage.
Thanks
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