Stacey Holling
Joined: 8/15/2024
-
GCT on sale of property
Hello, we have lived in property A for 10 years and this property has been our main residence. We bought the property for £141,000 and the property has been valued at approximately £300,000. Increased value £159,000. We've had an offer accepted on property B, and that sale is going through. Property A is on the market. If we stay in property A, keep as main residence until it sells are we eligible for PRR and therefore pay NO CGT? Also, is there a time frame to sell property A? Thank you.