Hello,
Apologies in advance if there is a simple answer to this query but I just don't understand the whole property game....
Bought new build apartment in 2004, paid no stamp as we were first time owner occupiers and it was our PPR. Bought new build house in October 2007 as our PPR, paid no stamp as it was under 125sqm.
We vacated original property to move to new property, put original on the market and got an offer this week. We have been paying mortgage on both properties since the move.
Question: are we liable for any tax on the sale and profits of the original property?