Search found 3 matches
- 11 Nov 2017 17:38
- Forum: General Property Questions
- Topic: is there tax on selling an apartment
- Replies: 7
- Views: 19637
Re: is there tax on selling an apartment
yes, but the link says that in UK CGT is not adjusted for inflation. Anyway, I'll take your word for it that in cyprus things are more reasonable :)
- 11 Nov 2017 08:15
- Forum: General Property Questions
- Topic: is there tax on selling an apartment
- Replies: 7
- Views: 19637
Re: is there tax on selling an apartment
that makes sense but even in the UK they don't take inflation into account apparently!
https://www.lemonfool.co.uk/viewtopic.php?f=13&t=7341
https://www.lemonfool.co.uk/viewtopic.php?f=13&t=7341
- 10 Nov 2017 08:23
- Forum: General Property Questions
- Topic: is there tax on selling an apartment
- Replies: 7
- Views: 19637
Re: is there tax on selling an apartment
I always had a problem with CGT. Is it adjusted for inflation?
say I buy a house today for 100K and in 20 years time it is worth 200K, the gain could just be due to inflation and 200K in 20 years is just like 100K in today's money!
do one still has to pay tax on this phantom 100K "gain"?
say I buy a house today for 100K and in 20 years time it is worth 200K, the gain could just be due to inflation and 200K in 20 years is just like 100K in today's money!
do one still has to pay tax on this phantom 100K "gain"?