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by jameshart
3711 days ago
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Are you sure about that tax situation? I'm not a UK taxpayer any more, but my understanding is that you shouldn't pay 40% on increased valuation of your home for selling it. 1) asset appreciation will be taxed at capital gains rates, not marginal income rates. That tops out at 28%, not 40%
2) with some exceptions, primary dwellings aren't subject to capital gains tax when sold. |
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