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  • RE: CGT on property

    Not impressed by this answer,...which many could interpret as '' i could not bother answer complex questions because the legislation is too complicate even for us...'' Let me rephrased, my question: Assuming the the legislation stays the same for the next 12 months, I bought in July 2012, my house in London. I moved in immediately. This is my only house. In April 2013, my partner moved in. In July 2013, my partner and I got engaged in a Civil--Partnership. In Sept 2013, I was transferred by my company to an assignment abroad. From Sept 2013 to August 2021, the house was rented while I was on assignment abroad. In Feb 2017, I transferred half of my house to my partner. We are joint tenant (50/50) In Sept 2021, I return to UK, to the head office of my employer, and we moved back to our house. if we were to sell our house now, regarding CGT, i understand that: - For my half provided that it is my (our) only house, that i lived in this house since July 2012, moved out because of my work abroad, and return to live in my house when returned to UK, i exempt of CGT as i have preserved my private residence relief. -For the half of my partner, what would apply: - the same exemption , as he lived in the house with me before and after the assignment abroad. - a gain calculated on his half, ? apportion between private resident relief and rent period ? thank you.
  • CGT on property

    Good afternoon, I bought in July 2012, my house in London. I moved in immediately. This is my only house. In April 2013, my partner moved in. In July 2013, my partner and I got engaged in a Civil--Partnership. In Sept 2013, I was transferred by my company to an assignment abroad. From Sept 2013 to August 2021, the house was rented while I was on assignment abroad. In Feb 2017, I transferred half of my house to my partner. We are joint tenant (50/50) In Sept 2021, I return to UK, to the head office of my employer, and we moved back to our house. if we were to sell our house now, regarding CGT, i understand that: - For my half provided that it is my (our) only house, that i lived in this house since July 2012, moved out because of my work abroad, and return to live in my house when returned to UK, i exempt of CGT as i have preserved my private residence relief. -For the half of my partner, what would apply: - the same exemption , as he lived in the house with me before and after the assignment abroad. - a gain calculated on his half, ? apportion between private resident relief and rent period ? thank you.