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Posted Fri, 22 Sep 2023 23:51:25 GMT by leo22
Hi, I have been renting out my car parking space in the primary residence I'm living in. Now I'm looking to sell the property, and I would like to know whether renting out the car parking space considered as "letting our part of your home" according to this article https://www.gov.uk/tax-sell-home/let-out-part-of-home? And do I have to pay capital gain tax because of renting out the car parking space? Thanks.
Posted Mon, 02 Oct 2023 12:57:58 GMT by HMRC Admin 32 Response
Hi,

The letting out of the car part could be considered part of your home if certain conditions are met.

Please refer to guidance at:

Private Residence Relief (Self Assessment helpsheet HS283)

Thank you.

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