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Posted Sun, 18 Feb 2024 08:21:56 GMT by
I own a property in the UK which I lived in, as my primary residence, before moving abroad 13 years ago. During these last 13 years the property has been rented out. I plan to move back to the UK in the summer and the property will become my primary residence again. I would like to sell it as soon as possible after moving back. Am I correct in understanding that if subsequently sold I would not need to pay any CGT as it is my primary residence? This seems a little strange as I'm sure I would need to live there for a certain period before selling, to clearly demonstrate that it is my primary residence.....but for how long, 1 month, 6 months, 1 year? Thanks.
Posted Wed, 21 Feb 2024 08:50:50 GMT by HMRC Admin 19 Response
Hi,

You may still be liable for capital gains as it has not been your primary residence for the whole period of ownership. You can see guidance here:

Private Residence Relief (Self Assessment helpsheet HS283)

Thank you.

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