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    • TheGardener
    • By TheGardener 16th Apr 18, 8:31 PM
    • 2,433Posts
    • 2,365Thanks
    TheGardener
    Selling home - moving into sheltered accomodation
    • #1
    • 16th Apr 18, 8:31 PM
    Selling home - moving into sheltered accomodation 16th Apr 18 at 8:31 PM
    Is CGT due if an elderly person moves into rented sheltered accommodation and sells their home? The house being sold was their only home, is less than 5000sq metres, was never sublet, never bought to make a profit etc.
Page 1
    • ThePants999
    • By ThePants999 16th Apr 18, 8:44 PM
    • 1,259 Posts
    • 1,588 Thanks
    ThePants999
    • #2
    • 16th Apr 18, 8:44 PM
    • #2
    • 16th Apr 18, 8:44 PM
    It sounds like you're saying they'd have lived in the home the whole time they owned it, and sold when they moved out. In which case, no, the main residence relief would apply.
    • pineapple
    • By pineapple 19th Apr 18, 7:20 PM
    • 6,273 Posts
    • 30,085 Thanks
    pineapple
    • #3
    • 19th Apr 18, 7:20 PM
    • #3
    • 19th Apr 18, 7:20 PM
    Gosh I should hope not OP!
    In the past I've sold my home to go travelling and once I sold to rent for a while. Would hate to think I owed CGT
    Here are the rules
    https://www.which.co.uk/money/tax/capital-gains-tax/capital-gains-tax-on-property-avuq96u1500f
    Last edited by pineapple; 19-04-2018 at 7:33 PM.
    • buggy_boy
    • By buggy_boy 19th Apr 18, 8:45 PM
    • 537 Posts
    • 400 Thanks
    buggy_boy
    • #4
    • 19th Apr 18, 8:45 PM
    • #4
    • 19th Apr 18, 8:45 PM
    CGT is not due if she has always lived in the property...
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