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Posted Wed, 27 Nov 2024 14:06:26 GMT by Paul Plant
Hi, I currently live in a property I let out for eight years, then had to move back in (after a divorce). I wish to move home closer to my son's school, but the CGT due is effectively preventing me from moving, unless I downsize (from a very modest three bed end terrace). Can the CGT be deferred (postponed), or transferred to my new home? Or can a payment plan be setup to pay the CGT in installments? To add to my frustration, the family home I lived in for those eight years went to my ex-wife. So despite me buying that property, with extra borrowing on the one I now live in, and all those mortgage payments, I get no tax free capital gains for that entire period.
Posted Mon, 02 Dec 2024 13:47:05 GMT by HMRC Admin 17 Response

Hi ,
 
It cannot be deferred to moved to the new home.

Once the actual charge is known, you can ask for a  payment plan to pay it in instalments .

Thank you .

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