Mudcat Café Message

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User Name	Thread Name	Subject	Posted
Captain Ginger	BS: Capital Gains Tax enquiry (12)	RE: BS: Capital Gains Tax enquiry	21 Apr 07
As I understand it, the CGT exemption applies only to your principal privte residence, and the sale has to finance the purchase of another principal private residence. If you've been living on the plot in a static caravan, and plan to do likewise on the new plot, you may thus be exempt. Certainly if the plot was bought as a speculative venture rather than as a self-build you'll be liable. However, I'm not an accountant, and would suggest you see one.

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