selling a house, capital Gains Tax, budget 2015

S

strat_640

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Hi, I could be way off base but I have been trying to understand what was the change mentioned in the budget last month concerning CGT and property.

I am thinking of selling my house that I bought in 2013 and was of the impression that I will only have to pay the usual (solicitors fees, estate agent fees etc) as well as the LPT as I sold within 3 years (exemption for LPT for house bought in 2013).

So simply put, do I have to pay CGT?

It is my primary residence

Thanks, can't find 100% confirmation!

Strat_640
 
OK that's great, so this whole keeping your property for 7 years etc does not apply to primary residence.

Well that's a load off my mind, no thing like seeing 33% of your profit disappear!

Thanks
 
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