CGT and SDLT selling primary and moving back to Rental?Make Text Bigger
I purchased property A in 1992 (mortgaged) as our primary residence.
In 2004 purchased property B (mortgaged) and moved in as our primary residence to-date.
As of 2004 property A was then used as a rental till Sept 2017.
We plan to sell property B (our current primary residence since 2004) and then move back into property A which will then become our primary residence.
Are there any issues with CGT or Stamp duty. Both properties are mortgaged, but the sale of the current (B) will pay off both mortgages. No plans to move from property A in the short term but may sell in a few years time?
I have heard that there may be issues if we move into the old rental (A) before the sale of the current Primary (B) is completed?
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