10:17 AM, 14th February 2018, About 4 years ago 8
I hope this forum can help for my CGT/PPR problem. This is my exit strategy to sell my properties
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
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 both houses whilst liquidating my portfolio
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