Freeholder Purchasing Leasehold

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    Freeholder Purchasing Leasehold

    I purchased a flat along with the freehold title a few years ago, the flat is in a purpose built block of 2 flats. I reside in one of the flats, with the other flat on a lease. I have been approached by the leaseholder to purchase the other flat at an attractive price.

    My question is would I pay capital gains tax on any sale? Whether I just sold the lower flat immediately (after granting a 999 year lease) or sold both flats together. Seeing as one of the flats has been my primary residence.

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