Selling second home

Hello, My partner is hoping to sell a second home he has been renting out. He is thinking of selling to buy another property to rent out but obviously we are aware of costs re:CGT. If he buys another property is he still eligible for the capital gains or is there a timescale he has to reinvest to avoid paying? Thank you

Hi ,
 

With the disposal of residential property, a capital gains should be reported and the tax paid, within 60 days of the completion date, to avoid penalties and interest charges.  There is a capital gains calculator at : Tax when you sell property   to help work out the gain  .  The calculator leads on to registering for a capital gains account, which is used to report and pay the capital gains tax in a secure environment.   Please have a look at the guidance at : Tax when you sell property  . Thank you .