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  • FIRST POST
    • Ted Bloke
    • By Ted Bloke 12th May 18, 4:25 PM
    • 20,463Posts
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    Ted Bloke
    CGT on house rented out whilst abroad?
    • #1
    • 12th May 18, 4:25 PM
    CGT on house rented out whilst abroad? 12th May 18 at 4:25 PM
    Most gifts or sales of own house do not incur GCT (I think it's called Principal Private Residence exception).

    Does anyone know if while living abroad for work purposes for practically all of a career, one bought one house in the UK with the intention of retiring there, and this intention is proved by then living there a number of years, the house having been rented out before return, considering that for reasons of work one could not have lived in it does it count as 'not having lived there' for the first period for CGT purposes at the moment of disposal whether by gift (to son who also lives there) or sale.

    A reference to source of information would be helpful.
    Witch hunt saboteur. Sorry my posts so long - not time write shorter ones. A liberal is a man too broadminded to take his own side in a quarrel - The very first step we must take is the acquisition of enough self-respect and self-confidence to say that we have met an enemy and that he is not us, but someone else. De asini callidi nauseatum sum
Page 1
    • anselld
    • By anselld 12th May 18, 4:38 PM
    • 5,815 Posts
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    anselld
    • #2
    • 12th May 18, 4:38 PM
    • #2
    • 12th May 18, 4:38 PM
    https://www.gov.uk/government/publications/private-residence-relief-hs283-self-assessment-helpsheet/hs283-private-residence-relief-2017--2

    I think you will find PPR Relief is only applicable to your period of residence. Letting relief would also apply to the period it was rented.
    • 00ec25
    • By 00ec25 12th May 18, 4:47 PM
    • 6,651 Posts
    • 6,256 Thanks
    00ec25
    • #3
    • 12th May 18, 4:47 PM
    • #3
    • 12th May 18, 4:47 PM
    unless you are in the armed forces, there is no exemption from the requirement to occupy the property both before and after the period of absence. Your reference to "intention" to occupy is correct in certain circumstances, but not on the face of it based on the info you have so far given as you fail condition B:

    https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg65030

    https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg65040

    https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg65046
    Last edited by 00ec25; 12-05-2018 at 4:57 PM.
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