selling BTL

Bronte said:

So. 150K - 123 - 4 = Profit 23K. Personal exemption around 2K I think. So 21K @ 30% (can't remember the CGT rate) 6.3K to the government. Leaves you with 15K.

Personally I find it odd you only went into the business in 2015 and are already jumping back out. At least you can. With an extra 15K.

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i wont have any CGT to pay for historic reasons

i want a shot at buying this land off my uncle , even i didnt buy the land for forestry or invest in an income fund , i could buy a house in the same urban area for the same money , this apartment development is viewed as desirable but personally i think a house is better in every way , not just the fact that there are no management fees , a bank is more likely to view a house as providing better collateral