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trebor · 29th May 2010, 22:20

Unless the rules of Capital Gains change under the new government, as said tax is paid on the difference between buying and selling price, plus you can deduct anything spent on enhancing the property and the buying price is enhanced by inflation so reducing the tax bill even more.

Plus the fact if you dont sell ther is no tax, but of course if you rent out that income is taxable

29th May 2010, 22:20	#9
trebor This is my second home Rover 75 CDTi Connoisseur SE & MG ZT Saloon 190 Join Date: Jun 2007 Location: Coven Posts: 12,523 Thanks: 526 Thanked 1,877 Times in 885 Posts	Unless the rules of Capital Gains change under the new government, as said tax is paid on the difference between buying and selling price, plus you can deduct anything spent on enhancing the property and the buying price is enhanced by inflation so reducing the tax bill even more. Plus the fact if you dont sell ther is no tax, but of course if you rent out that income is taxable __________________ www.midlandsnanomeets.co.uk Robs Car Gallery Coven near Wolverhampton WV9 2000 Cowley Built Rover 75 2.0 V6 Club SE/ Atlantic Blue/ Sandstone/Walnut (daily driver) 2003 Land Rover Freelander 1 TD4 HSE Helsinki Blue/Black Leather (swmbo daily driver)