House sale - gifting proceeds of sale

Mickey666

Secretsusie said:

AnotherJoe said:

If this home wasn't your main residence, you may end up owing Capital Gains Tax in which case either you'd have o make up the difference from your "half"  or she wont get 100% the proceeds.

Picking up on this, I'm thinking of renting as soon as I have an offer on my house, as concerned due to illness, that exchanging and completing on the same set day could be difficult for me medically, so thinking if I rent before completion day it allows me flexibility around what days I pick to move. ( Even tho it will mean two moves).  But if I do this will it mean I'm potentially then liable for cgt as it won't be my main residence on the date of sale? 

Firstly, the last few months of ownership don't count for CGT (think it was recently changed from 18 months to 9 months?), so it may not be a problem.

Secondly, just because you rent another property before the final sale of your main home doesn't mean you have moved out of the main home.  Just treat the rented home as a second home until completion on your main home.

So I don't think you'll need to worry about CGT.