Calculating the capital gain on the sale of an investment property
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Interest rates have been rising, so a lot of landlords are deciding to sell their properties. If you're one of them, you’ll need to deal with capital gains tax. This tax is based on the profit you make from selling the property, minus any exemptions or losses you can claim. If you lived in the property at some point, you might get some tax relief to cut down the amount you owe.
Calculating the capital gain on the sale of an investment property
Calculating the capital gain on the sale of…
Calculating the capital gain on the sale of an investment property
Interest rates have been rising, so a lot of landlords are deciding to sell their properties. If you're one of them, you’ll need to deal with capital gains tax. This tax is based on the profit you make from selling the property, minus any exemptions or losses you can claim. If you lived in the property at some point, you might get some tax relief to cut down the amount you owe.