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Selling an investment property, will I need to pay Capital Gains Tax? And how much will it cost me?

If you are selling your private residence proven that you have lived there then there is nothing to worry about paying any CGT, instead you will be given a tax called Private Residence Relief. A CGT or capital gains tax is only applicable to properties that are let out and is not your main residence, since a capital gains tax is a tax taken from what you have gained on what you sold, not the entire money will be taxed. The CGT is calculated based on any improvements you have made while selling your property and if you have ever lived in the property you are selling. It is always wise to consult a tax advisor to help you assess and give you accurate solutions on any liabilities for capital gains tax.