LOC64
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RE: Private Residence Relief on CGT after selling home
Thank you, and just to clarify, I would be eligible for PRR for the period I lived in it and the 1 year I went to work in Canada but would be eligible for CGT for the 1.76 years when I was living in the UK but renting out the flat (a personal choice I made to live with my partner elsewhere)? -
Private Residence Relief on CGT after selling home
Hello, I owned a flat from April 2018 to January 2024. I lived in it myself from the purchase date until 2.9.19, I then rented it out for a period of 2.76 years. I moved back into the flat on 6.6.22 and stayed there until I sold it. I made a gain when I sold the property. For 1 year of the period I did not live in it I was working and living abroad in Canada. I am currently filling in my self assessment tax return and wanted to clarify if I am eligible for private residence relief on CGT. The advice on this page https://www.gov.uk/tax-sell-home/absence-from-home suggests I do but I wanted to clarify as I have read conflicting advice. Many thanks.