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The Guardian - UK
The Guardian - UK
Business
Virginia Wallis

I plan to sell my rented-out property to buy a dream home. Will I have to pay capital gains tax?

capital gains
Bungalows in a suburban UK neighbourhood in spring
The reader bought their house for £280,000 in July 2021. Photograph: Trgowanlock/Getty Images/iStockphoto

Q I am in the process of selling a property to buy another and I am a bit confused about whether capital gains tax (CGT) will apply, so I was hoping you could maybe help clarify this.

Here’s the situation: I bought my first and only house in July 2021 for £280,000 in cash.

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