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Posted Wed, 13 Nov 2024 12:06:19 GMT by Lisadee
Hi. I am due to get married in May 2025. I own a house and my fiance does too. We are not intending on living together or selling either house. But when we do choose to sell one or both of them will they be subject to CGT? Do we need to nominate one property even though we won't be living together to avoid having CGT on both of they are sold in the future? Thank you
Posted Fri, 15 Nov 2024 14:19:11 GMT by HMRC Admin 20 Response
Hi,
HMRC cannot comment on future events as legislation may change.
Based on current guidance as you will have 2 homes, you will need to nominate one as your main residence and the other would be liable for CGT when sold.
See CG64525 - Private residence relief: only or main residence: two or more residences: nominations on marriage or on registering as civil partners
Thank you.

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