CGT on property used as main home then let for 15 years

[b4cvm]

Peter D
Yes I do know about the 2 properties and only one PPR, But I was complaining about the issue of selling current PPR and then on return to 1st making that my PPR- but it being liable to CGT on any further increase in value on that property because of it having once been rented out ! Regards,

[Incredulum]

You HAVE flipped the properties.

You left behind one property with the benefit of PPR, and moved into another with the benefit of PPR. You are having your cake and eating it. That is what "flipping" is.

[Incredulum]

But I was complaining about the issue of selling current PPR and then on return to 1st making that my PPR- but it being liable to CGT on any further increase in value on that property because of it having once been rented out ! Regards,

Aha, but you benefit from being liable to less CGT on the increase in value whilst the property was let out.

[Peter D]

As I explained to you, you will benefit from apportioned PPR on the increased gain and provided an example. You need to understand how the calculation is done. I have explained this and you need to run your own numbers to understand it. Regards Peter