A house is built and sold to a family as their primary residence for £1000 in 2000. The purchase price is included in GDP for 2000. In 2001 the house is sold for £2500. The seller pays solicitors' and agents' fees of £200. This is included in services part of GDP for 2001. He pockets £300 profit on the sale. Is this profit part of GDP?
I think not, but can find no authoritative answer.