Autumn Fall
Joined: 9/6/2024
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CGT when lived abroad and rented
My husband and I bought a house in the UK in 2015. In 2019 we moved to the US for my husband’s job. Whilst living in the US we lived in a rented property only in the US and rented our UK house out. The amount of money we received in rent from the tenants in our UK house didn’t cover the cover our mortgage fully so we also contributed money towards it. In 2023 we moved back to the UK as we couldn't stay in the US due to visa constraints. We are currently living with family in the UK as we are still trying to find jobs. The tenants are still living in our house and we are still paying the extra needed to cover the mortgage. If we want to sell the house, do we have to return to the house and live in for two years so we don’t have to pay capital gains tax?