Skip to main content

beta This is a new service – your feedback will help us to improve it.

CGT on home when living away.

Jeremy N
Posted Tue, 04 Jul 2023 16:42:13 GMT by Jeremy N
Hi, My son has a solely-owned property in England where he lived until recently. He has now temporarily moved to Scotland to work for a company on a degree apprenticeship for four years. Whilst he is away, he does not want to leave the property empty and so is letting out the house. When he ultimately sells the property will he be liable for Capital Gains Tax to some extent? If yes, is there some way he can minimise this? Thank you for your help.
HMRC Admin 32 Response
Posted Tue, 11 Jul 2023 12:49:05 GMT by HMRC Admin 32 Response
Hi,

Please refer to guidance at:

HS283 Private Residence Relief (2023)

CG65050 - Private residence relief

Thank you.

You must be signed in to post in this forum.