Hi, I have a property A which I rented out for around 3 years (Until Oct 2018), I have lived in property B Until Oct 2018
In Oct 2018, I started to live in and renovate property A, with a view to rent out property B.
So the big gain in house value has happened after I moved in as I am renovating the whole house.
Property A property cost me £350k when purchased in Oct 2015, It was worth around £400k back in October 2018.
However, once I finish my renovations, it may be worth £550k..
I was never planning to sell the property and was hoping to live there for the long term, however personal circumstances may force me to sell the house.
What would be my CGT calculation/liability.
Any help is appreciated.
Thanks
Jess
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