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CGT - does it apply to me?
AfterMath
Posts: 5 Forumite
We lived in a terraced house (property (a)) for roughly 10 years, and then about 4 years ago we bought a rundown house (property (b)) which was uninhabitable. We renovated property (b) whilst living in property (a) until June of last year, when we moved to property (b).
For the last year what with work, moving, family additions etc etc we haven’t had the time to sell property (a) but now financial problems have forced our hand on that matter. So I would be very grateful to anyone who can give advice on the CGT implications in this instance. The house property (a) has been unoccupied since we moved out last year.
For the last year what with work, moving, family additions etc etc we haven’t had the time to sell property (a) but now financial problems have forced our hand on that matter. So I would be very grateful to anyone who can give advice on the CGT implications in this instance. The house property (a) has been unoccupied since we moved out last year.
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Comments
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I think there is no CGT liability if you moved out less than 3 years ago.:j The £2 CSC = £48 in carton£100 banked Mar 06V-Free : 4 weeks
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