Example: capital gains on the sale of a co-owned rental property · A + B + C − D − E + F = Cost base · Proceeds − Cost base = Capital gain. Capital Gains Tax when you sell a property that's not your home: work out your gain and pay your tax on buy-to-let, business, agricultural and inherited. Short-term capital gains happen when you sell an investment property you held for one year or less. These gains are taxed as ordinary income.
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