Capital gains tax

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If we were to purchase an apartment to live in and it was to go up in value and then we were to sell it within a year, would we be liable for an associated Capital gains tax?

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Valsvals-10068512 1455644531

I would get some legal advice to ensure you know all the pitfalls. It might depend how long you live in it and whether you have residency so better to be safe than sorry. 

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