Old Feb 22, 2007 | 12:34 AM
  #10  
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RSrussell
PassionFord Post Whore!!
 
Joined: May 2003
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From: Essex innit bruv
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Tib/Andy, I won't be paying ANY tax on it becos I owned it and lived in it, and as I've only rented it out for 3 years, these 3 years are exempt from Capital Gains tax.

I haven't had to pay income tax either because the morgage and maintenance, stationary, fuel and other expenses have cancelled out any earnings, cough
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