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Private residence relief

Answer
migi
Posted Sun, 03 Nov 2024 13:48:15 GMT by migi
Hi there, I bought my home on 14 Jan 2022 and started living in it from 2 Apr 2022. I moved out form 4 Aug 2023 and sold this home on 3 Nov 2023. During the period from 14 Jan 2022 to 3 Nov 2023, this house had never been rented out for income. From my understanding, I am entitled to full private residence relief and do not need to pay any capital gain tax. Thus I do not need to report the sale in self-assessment, am I right?
Answer
HMRC Admin 21 Response
Posted Fri, 08 Nov 2024 11:55:04 GMT by HMRC Admin 21 Response
Hi,
In answer to your question I can confirm that is correct.
Thank you.

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