Property Tax

roperty tax is tax paid when you make a profit when selling a property. This is a different area to buying and selling a home. It covers buy-to-let, business premises, land and inherited property.

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EXPLAINER

Property tax is a form of Capital Gains Tax and it is your responsibility to work out if it must be paid or not. Other considerations include exemptions when the sale is a gift (for example to a spouse) and getting tax relief on a business property if it is considered a business asset.

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