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Article: Stamp duty crippling

Article from:
The Press
Article date:
December 19, 2005
Copyright

It is not true what Sue Allen writes -- that capital gains tax is levied on house sales in the UK (Dec 10).

I recently sold my house in Scotland, where my wife and I lived for 27 years. We received 11 times the price we paid in 1977 and did not pay a penny in capital gains, and that applies to all house sales.

It is possible to pay capital gains if the house has more than an acre of land, but if the extra land is required ...

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