Owning your own home

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princeperch in reply to @abr

529k 8 months ago.

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Bainbridge in reply to @princeperch

Once you factor in stamp duty (probably with an extra 3% as its a developer) the profit margin on that is not great, even if they get asking.

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NotThamesWater in reply to @Bainbridge

The days of making big money at that sort of thing are long gone. I think you can just about make it work if you sell before 3 years to make back the additional SDLT & also avoid capital gains by making the place your main residence.

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