Liz Saunders

Registered with Property118.com
Wednesday 17th July 2013


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Total Number of Property118 Comments: 1

Liz Saunders

15:32 PM, 17th July 2013
About 6 years ago

Exit plan - move in before selling up to avoid CGT

With the investigative side of HMRC does anyone know exactly how they can prove intentions? I have been gifted a property, which I have converted, the property was for me and my partner, (unmarried) who has just this week got a job on the other side of the country. Whilst doing the conversion for a year we haven't exactly loved the area its in, and really I'm thinking of not staying here alone. Its the only property I have ever owned, and I will live here for 6 months at least, but will move if his job becomes permanent; would I qualify for ppr relief, or would it just be easier to pay the CGT on the 200k gain? I have never developed a property previously, though I'm concerned this appears like a development. Can anyone suggest anything?... Read More