Income tax or CGT

[musty]

Three properties were bought at a discounted price as buy to lets. Two have been let successfully but the third has not been let after 4 months. Meeting the interest on money borrowed is causing problems and the sale of the one unlet property will be necessary

If the unlet property is sold at a profit will the profit be considered as capital gains or as income tax resulting from trading in property?

[pawncob]

Depends on your history. Probably CGT, but if you've bought/sold properties in the past it could be income tax rates.