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How to escape the CGT trap

If home is where the heart is, it's also where the taxman cannot, for once, reach us. If we own our own home, we can sell it free of tax; at least, that's the impression most of us are under. But, in fact, there are several circumstances where individuals are at risk of incurring a hefty tax bill when they come to sell what's probably their biggest asset, so it's well worth knowing every get-out clause available to avoid having to share your profit.

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By Rosie Carr,
15 February 2013

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