Hello,
Myself and my husband purchased a house in London in 2012 and in 2014 we moved to Oxfordshire due to my husband's job. We ended up living in job related accommodation for a while and then renting out another property. We haven't bought another house yet. We lived in the London house for 2 years and rented for 3. We now would like to sell and buy where we live and have just found we will be liable for CGT!
I am trying to figure out if I can use the living in job related accommodation exemption or the 'period of absence relief C (C absences totalling not more than 4 years when, the distance from your place of work prevents you living at home, or your employer requires you to work away from home in order to do your job effectively).
I spoke to a general accountant who provided a calculation but seems not to consider exemptions. Do I need to talk to a tax specialist?
I would really appreciate any help here.
Thank you
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