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Main residency definition

Answer
louise varlet
Posted Tue, 08 Oct 2024 16:33:05 GMT by louise varlet
Hello, If i own a property, rent it out and rent another house myself do I need to pay capital gains tax when i sell it since i only own one house? If the answer is yes, how long do you need to live in a property you own for it to be exempt from CGT? And can you live elsewhere for a period of time due to your working location? Thank you
Answer
HMRC Admin 20 Response
Posted Thu, 17 Oct 2024 14:11:22 GMT by HMRC Admin 20 Response
Hi,
Possibly.
Please refer to Capital Gains Tax: what you pay it on, rates and allowances
Thank you.
Clive Smaldon
Posted Thu, 17 Oct 2024 15:11:08 GMT by Clive Smaldon
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