Long term Capital Gains on Sold property.

This discussion explores capital gains tax exemptions for property sales. The user sold a plot and plans to sell an apartment to fund a new flat purchase. They are seeking clarification on whether the total proceeds from these sales, exceeding the cost of the new flat, qualify for capital gains tax exemption. The specific figures provided involve a plot sale for £80L and an apartment sale, with a new flat costing £1.3Cr and an advance of £60L already paid.