Selling a propery and tax issues.

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Ioannides
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I am thinking of selling one of my properties in North London to reinvest it into a new property in south London where I live to make managing it easier.

There are is no mortgage on the property and I have owned it for 20 years.

My question is, would there be any tax to pay on selling a property to reinvest all the money into another property within london? If so, how much would this be? Is it financially beneficial to do so or should I stick with the property I have?

16/12/2010 00:00

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