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Question,

(116757)
Saturday, July 6, 2019 06:17 PM 

Aoa

I bought a plot in feb 2014 build my house on it now i want to sale it its been 5 years and 4 months to the date i bought the plot it took around 8 months to build the house. Now what fbr rate will be applied on it when i will be selling it. Thanks.

MS replied on Sunday, July 7, 2019 06:57 AM 

WS. You are totally exempt from CGT as houses have 4 year max duration according to new rules while empty plots have 8 years max duration for capital gain tax.
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