rstubbs10
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Capital Gains tax on previous home i lived in then let out
Hi, Me and my wife are thinking of selling a home we own, which we brought on 31st October 2008. We lived in this house as our main residential home until we brought another house which we moved into on 1st December 2015. We have now rented this house out to a private tenant from the 1st December 2015 until now. If we do sell this house, can we claim Private Residence Relief for the time we lived in this house as our main residence and take this off the capital gains tax? (from 31/10/08 till 01/12/15) If so do we add an extra 9 months relief to the end of ownership term? We both do our own tax self assessments online each year. Would we just just split the capital gains house sale on our self assessment 50/50 as well? Thanks Richard