 taxable asset on its sale
Presently I live an own flat in Scotland and I am building a home which I intend to move into once completed. Obviously the point is to not pay any taxation on either property. I do intend to live in my new home but just not sure whether to sell my flat straight away and am obviously worried that if I hold onto the flat that it might then be treated as a taxable asset on its sale. So friends, is there any information would be very appreciated regarding property law and taxation? |