If I move back into my BTL can I PPR for the last 30 years??

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    If I move back into my BTL can I PPR for the last 30 years??

    Hi I hope this forum can help for my CGT/PPR problem,

    I bought House A with my wife in 1987 for £82000 and lived there as my PPR until 2000.
    I bought House B (my current property) in 2000 for £230000.
    I let House A from 2000 to present as a BTL.
    I have a repayment mortgage on each of £50000
    House A is currently worth circa £600,000
    House B is currently worth circa £900,000

    Question:-

    If I sell my current PPR (House B) and move back into House A for say a year and treat it as my PPR (Including Nominating with HMRC, electoral roll, utilities in in my name etc) and then sell it does my PPR cover me for no tax on the House A??

    I am obviously looking to minimise my CGT liability over bot house whilst liquidating my portfolio
    regards
    Hugh

    #2
    If you have £600K in capital gains , you should be consulting a qualified tax accountant and not be misled by forum comment which may not be correct.

    You can only claim ONE property as your main residence at any time.

    If you claim House B is your main residence from 2000 -2018, you cannot claim House A as your residence during 2000-2018 period .

    Comment


      #3
      You can't have the house as your PPR when it is not your PPR. So no.

      You have lived there for about 45% of the time -- so that will cut the taxable gain by about a half, and there will be various exemptions.

      Comment

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