Cgt periods when owner is liable

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    Cgt periods when owner is liable

    Flat let for 2 years now not occupied by owner. Will it just be the 2 years let or the whole period when the owner is not occupying that counts for CGT?

    #2
    CGT is payable unless Private Residential Relief is applicable, so you're liable for CGT for the entire period when the property wasn't your main residence.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      Depends on rules operating when you sell. I'm expecting CGT rules to become more painful to pay for Covid-19 and Brex*****

      Rules today are all very interesting but....
      I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

      Comment


        #4
        The whole period it is not your ONLY principle private residence. So even if you are occupying it might not count either.

        Comment


          #5
          The total capital gain after sale of property is apportioned between period under self occupation and under rental period .

          The capital gain under the rental period is taxable at 18% or 28% after the personal capital gains allowance of £12,300 is subtracted from the taxable capital gain.

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