Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I am proposing to purchase a buy to let now which would obviously then be let, I then propose to pay off the mortgage with the proceeds from my present home and move in to the buy to let property when close to retirement.
This will not be sold, my question is, do I in any way have to pay a capital gain? I don’t think I will pay a gain on the one I’m living in, and I can’t pay a capital gain if I’m not selling the one I move into, I think! Any help greatly appreciated
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