Laniora Lay has raised the following Landlords CGT Question:-
“I have been renting out my former family home for the last three and a half years. Meanwhile I myself have been living in rented accommodation.
I now wish to move back in to my former home and would like to know how long I need to live there before I can sell it and avoid having to pay CGT.
Please can you help with this matter as I have been told it’s 3 months, 6 months, a year or 5 years !!!
Advice from Our Accountants
Mark Alexander, founder of Property118 has requested his own personal tax adviser (Neil Barlow) to comment in the section below. For obvious reasons, Neil cannot respond in this way to all questions raised but if you would like Mark to introduce you to his professional advisers please complete the form below.