CGT ALLOWANCES 1993 TO 2024

Hi Everyone, I bought my house in 1993 and sold it 06/06/2024. I left the house eleven years ago on 30/06/2013. Can I add together all my annual allowances for this thirty year period (1993 - 2024) to calculate any liability? Kind regards, concerned of Essex.

Hi, I'm not HMRC Admin but can answer your question. Your personal allowance for CGT does not rollover if unused. If you dont use it then it is lost. Therefore you only have the allowance in the year of disposal which would be £3000. However you can apportion the gain for the time it was your main residence and because it was your main residence the last 9 months will also qualify for primary residence relief.

Hi PPRXT021951,
No, It is only the capital gains in the year of exemption that you can use.
Thank you.