intermissionian
Registered User
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- 11
Hi,
I'm approaching the 20year mark for owning an affordable home after which the council clawback will be nil. If the property has been rented out for a portion of the time (and thereby an "investment property" for that portion of the time), is the discount received on purchase of the AH considered liable for CGT on the sale of the property? For example:
Market value at purchase: 200K
Discounted price: 170K
Selling price 210K
Is the capital gain 10K or 40K for the purposes of the CGT calculation?
I'm approaching the 20year mark for owning an affordable home after which the council clawback will be nil. If the property has been rented out for a portion of the time (and thereby an "investment property" for that portion of the time), is the discount received on purchase of the AH considered liable for CGT on the sale of the property? For example:
Market value at purchase: 200K
Discounted price: 170K
Selling price 210K
Is the capital gain 10K or 40K for the purposes of the CGT calculation?