As accountants in West London we are used to clients coming from all across London with their accountancy issues. Recently a young lady came to us at Harnett Accountants in Richmond with an enquiry about Capital Gains Tax.
She had recently moved out of her home and moved into a rented apartment. While living in her new apartment her original home was sold. Our new client wanted to know if she still qualified for the capital gains tax exemption on that property even though she wasn’t living there when it was sold.
Harnett Accountants in Richmond were more than happy to inform her that she would still be able to qualify for tax exemption as she had sold her home within three years of moving out. This assumes that she had been occupying the property for all of the period owned before moving out.
Don’t forget that Harnett Accountants in West London do offer a free hour no-obligation consultation for all new clients. Alternatively you can add us on Facebook, Twitter, or Google+ or continue to look out for our daily blogs.
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