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Is this picture of CGT on second homes correct?

conrad100 · 2013-03-13 18:05:13

[FONT=&quot]Hi! I am trying to help someone who has had a long and successful career in property, but this person is not exactly young anymore, they are well in to retirement age and although she is extremely confident in many areas, underlying this, she is increasingly being paralysed by worries surrounding what the tax…

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conrad100 Posts: 10 Forumite

13 March 2013 at 10:16PM

Thanks 00ec25, Clapton and Savvy_Sue!

I understand the error of my ways re 'flipping' as she isn't actually in a situation where she is living in 2 properties at the same time. PPR will move from one to another and there is a 3 year exemption on property A before there is potential for CGT implications.

You have all been extremely helpful, a big thanks to you all!

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Is this picture of CGT on second homes correct?

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