From: Kemph@hahooooooo.com  (J Kemph)
Newsgroups: uk.finance
Subject: Re: Need input on a financial decision
Date: Thu, 25 Nov 2004 14:08:40 GMT

On Wed, 24 Nov 2004 22:55:49 +0000, Jonathan Bryce
 wrote:

>>JKemph wrote:
>>
>>> The house in question is my only property. It is divided into two
>>> flats. If I sell one of the flats (the one I'm not living in) for
>>> £115,000, will I have to pay any capital gains tax?
>>
>>Yes, subject to various exemptions and allowances, that in some cases could
>>reduce the bill to £0.

Thanks... £0 would suit me quite well! Please see my reply to Ronald R
below.

JK