Captial Gains tax, selling sole Property from abroad

I am moving abroad in the new year. I had planned on selling my flat, I did have a buyer in place however after 4 months of stalling he has now dropped out. My hands are tied and I need to leave in February. I am unsure as to whether or not I can rent out my flat , for a few months, until the market picks up later in the summer, without having to pay CGT. I have lived in the home for nearly 4 years. And is my sole property. Any help will be gratefully received.

Hi ,
 

Capital gains tax can only be calculated once you have disposed of the property.  There is a calculator at : Tax when you sell property  , which has links to the online capital gain service, where you should report and pay any capital gains tax, within 60 days of the completion date.  Please have a look at HS283 ( : HS283 Private Residence Relief (2024  )  for guidance on how to calculate private residence relief.  We cannot advise whether you can rent your property out .  If you do rent the property out, you will need to complete a tax return every year .  You can register for self assessment at : Check how to register for Self Assessment  . Thank you .