Magdalena Szymiec

Hi, we have two residential properties as joined tenants, me and my partner. We live in property A, my mum lives in property B. We want to sell property B, Can we nominate property B as Main Residence for the purpose of principal private residence relief from Capital Gain Tax?

Hi, I have two houses, both Residential. Property 'A', and property 'B'. I'm selling property 'A', and for the relief of Capital Gain Tax I nominated property A as Main Residence with HMRC. I received a confirmation letter stating "I can acknowledge receipt of your election under TCGA 1992 S222 (5) to have the address of your main home shown as: property A." I'm selling property A and buying property C, which will be my main residence, but I keep property B. According to SDLT calculator I will not have to pay stamp duty as I am replacing main residence, and property 'C' cost below £250k, but is this 100% true? Thank you.