Marksbury
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RE: Capital Gains Tax on only property I own
So, just to confirm, please. I own 1 house. I left it to nurse my daughter, she was too ill to be moved, and rent ccommodation near her. I have rented out my house to fund this. My tenants have expressed an interest to buy. As it s the only house I own, isn't it my primary residence and therefore exempt from CGT? -
Capital Gains Tax on only property I own
i bought and lived in my home for 11yrs. 2022 moved into a rental property to nurse daughter who has Long Covid. To fund this I rented out my home. The tenants have expressed an interest in buy it. As it is the only property I own will I pay CGT on the proceeds of the sale?