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Steve T
principal residence and CGT?
I live with my wife and daughter in our house, on which i pay a repayment mortgage. Current value around £140,000.
I also own another property on which I am due to finish paying the mortgage in March 2013. Current value around £90,000. I currently rent this property.
My question is : should I declare the rented property as my principal residence, or should I declare my marital home as my principal residence.
What, then, would be my CGT liability ?
3 AnswersUnited Kingdom1 decade agoA nice little puzzle in number cruching and trigonometry?
If I tell you that the smallest side of a right-angled triangle is 19cm, can you compute the value ( in whole numbers) for the other two sides ? I will tell you that all the sides are less than 200cm.
4 AnswersMathematics1 decade ago