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 Concern - Mark up selling price in S&P

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TSAdrian1981
post Mar 28 2018, 11:28 PM, updated 8y ago

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Hi all,

I bought a house for 300k 7 years ago, and i got a prospect offering me 600k with one condition - he's asking if it's okay for him to mark up the price in the S&P...
What do you guys think ? Is there anything I should be aware of ?

1) As i understand, i dont have to pay for the RPGT as the property is over 5 years ..
2) Do i need to file the income tax for the profit i made ?

Any other things that I missed ?

 

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