Tax paid when selling property

NanaVK

Hello 
I own a flat (lets call it Property A) for 17 years now. This is the only property I owe and it is the very first property I ever bought.
If I were to:
1. rent another property (lets call it Property , move to the Property B
2. rent out Property A and after 2 years sell Property A (once tenants are out obviously) while I am still staying at the rental Property B, would I pay tax or is it still consider as my first residential property so I wont pay tax?
Thank you

NanaVK

That should have read: 
1. rent another property (lets call it Property A not sure why  appeared), move to the Property B

K_S

@nanavk You will get some relief, having lived in the property but (depending on how much the value has gone up by) may have some CGT to pay. There's a very decent calculator here to see what the chargeable gain might be https://www.gov.uk/tax-sell-property/work-out-your-gain

NanaVK

If I was still staying in my property (ie Property A) I assume I wouldnt have to pay any tax at all? 

NanaVK

@K_S
If I was still staying in my property (ie Property A) I assume I wouldnt have to pay any tax at all? 
I thought that if you sell the only residential property you own in order to buy another property then you do not pay any tax.

MWT

NanaVK said:

I thought that if you sell the only residential property you own in order to buy another property then you do not pay any tax.

Private Residence Relief requires (among others criteria) that you have lived in the house for the entire time you have owned it...

If that is not the case, as is wouldn't be for your example, then you may have some tax to pay...

https://www.gov.uk/tax-sell-home