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Where Taxpayers and Advisers Meet

CGT on rental house sale

Pluto
Posts: 1
Joined: Wed Jul 11, 2018 2:05 pm

CGT on rental house sale

Postby Pluto » Wed Jul 11, 2018 2:07 pm

I own a property in London. I lived in it for 11 years (1996-2007) I then moved to Glasgow but kept the house. I have let the house since then. I live in a house I own in Glasgow. I am thinking of moving back into the house in London next year as my primary residence. If I live there for (say) a year will I still have to pay CGT on the time the London house was let (approx 11/12 years) if I sell the property say in late 2020?

pawncob
Posts: 4084
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: CGT on rental house sale

Postby pawncob » Thu Jul 12, 2018 12:37 pm

Yes. But you'll get PPR and letting Relief.
With a pinch of salt take what I say, but don't exceed your RDA


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