D Dahlia New Member Messages 1 28 Jan 2025 #1 Could anybody advise me my below question please. Do I pay capital gains tax on a site I bought recently and now want to sell on if its the only property/site I own. There is no house on it currently. thank you
Could anybody advise me my below question please. Do I pay capital gains tax on a site I bought recently and now want to sell on if its the only property/site I own. There is no house on it currently. thank you
T T McGibney Registered User Messages 7,301 28 Jan 2025 #2 Generally, yes. Assuming of course you make a gain on its sale.