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Cgt
I_Love_comps
Posts: 2,481 Senior Ambassador
in Cutting tax
If a property has been owned by the person and it has been there only property, which they have lived in for many years - will they have to pay CGT?
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Comments
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No, your primary residence is exempt, unless there were substantial periods where the property was rented out.0
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is there more to this story than you have given?I_Love_comps wrote: »If a property has been owned by the person and it has been there only property, which they have lived in for many years - will they have to pay CGT?
lived in as only residence for the entire time you owned it is exempt
if not lived in whilst continuing to own, that is a different matter (eg you rented elsewhere, you had work related accommodation provided elsewhere)0
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