I am considering whether to split the annex from my main house and sell both houses separately. Planning permission aside, my question is will CGT apply if I sell the annex on its own and what period would the CGT apply to? I.e would it apply to the whole time I have owned the whole property (main house &annex) or would it apply only from the point it is officially classed as a separate dwelling?
We bought the entire property 5 years ago for £450k. The main house is now worth £650k and the annex £325. So I’m guessing the whole annex would be deemed a ‘gain’ for CGT purposes? Thank you in advance.
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