18 month CGT Rule

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    18 month CGT Rule

    Can someone explain what this new rule is and is it likely to affect me?

    Currently I have BTL properties as well as my own residential property.. The BTL have never been my principle home and are quite unlikely to ever be. When I dispose of any of my properties I pay capital gains tax. If my annual CGT allowance hasn't already been used, I use it and pay any difference owed to the tax man.

    Basically, if I carry on as above - am I affected by this new 18 month CGT rule?

    Many thanks

    This matter only concerns the liability to capital gains tax after sale of a property which was a former home .

    At present, the period of exemption to cgt includes the period of living at the home plus 3 years after date of moving out.

    The rule will changed next year and the period after moving out will be reduced from 3 years to 18 months


      Brilliant. Thanks for clarifying.


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