If you go to “search” under forums on this website and put in the keywords such as CGT etc, you will find a lot of useful information on this topic. It has been discussed quite intensively before and there is some very good information on this site. There is a post by Julia from Bantacs which i feel is extremely useful
We have been spent hours looking into this issue and consulted with accountants and are now thinking that perhaps our houses are considering trading stock ID 2004/25. If this is the case then CGT is not relevant to our situation.
However, i would suggest that if this is true that people wrapping are very careful that their houses fulfill the…[Read more]