Angus Mitchell
Joined: 5/19/2024
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Buy Before Sell and CGT
Hi I want to buy a property before selling my own and would like to know if I would be liable for CGT under the following scenario: The current property, I bought in 2003, is and has always been my main residence. If I buy a new property and exchange contracts on 1st September 2024. I do not physically move into the new property until 1 January 2025 and from then it will become my main residence (Would spend time renovating) I sell the old property and exchange contracts: A) anytime before 1st January or B) after 1st January 2025 Thanks