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Moving back with my daughter and letting out my house

Posted Mon, 24 Apr 2023 13:08:17 GMT by
Our daughter wants us to live near her in a their spare property. If we let our property out, will there be a capital gain tax to pay, should we later sell our house? Thank you.
HMRC Admin 19
Posted Tue, 02 May 2023 13:57:15 GMT by HMRC Admin 19
Hi,

There could be a possiblity of Capital Gains Tax being payable.

You will be entitled to claim Private Residence Relief (PRR) for the period that the property was your main residence. PRR is calculated as the number of months that the property was your main residence plus a further 9 months over the number of month you owned the property. This fraction is set against any gain that arises. You can see guidance here:

HS283 Private Residence Relief (2023) 

Thank you.

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