Hi all,
My plan is to build 2 houses on the back of my family home which we lived for more than 10 years. We want to subdivide them and sell the existing one and one of the new houses to pay off mortgage and free up some money. Will I have to pay tax on any or both of the houses that we sell? Whats the best way to go about this to have the minimal tax implications?
Many thanks in advance.
My plan is to build 2 houses on the back of my family home which we lived for more than 10 years. We want to subdivide them and sell the existing one and one of the new houses to pay off mortgage and free up some money. Will I have to pay tax on any or both of the houses that we sell? Whats the best way to go about this to have the minimal tax implications?
Many thanks in advance.
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