10:57 AM, 25th May 2015, About 7 years ago 4
My partner and I are undertaking an extensive refurbishment on our primary home which we have lived in since buying it a couple of years ago. In the meantime we have just bought a small flat which we intend to live in while the refurbishment takes place, and rent it out after moving back to our house.
As far as I understand there is no CGT payable if you have lived in your home since buying it. We have no intention of selling the house but I wanted to understand what the implications are for the eventual sale of either property. My concerns are as follows:
Just trying to determine what the most prudent and efficient way forward is!
Many thanks in advance,
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