Annie Cho
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Does my rental property qualify for private residence relief?
I bought a residential property in Dec 2021 and plan to sell it in March 2025, estimated capital gain is £30,000. For the first 1 year (12 months), it was my main residence, and 2 years (24 months) letting out, and no one occupied for last 3 months. So, can I entitle Private Residence Relief for 21 months (12 + 9 months) ? What will be the capital gain tax (I am the basic rate tax payer)? Thanks.