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Where Taxpayers and Advisers Meet

Lodgers and capital gain tax

refoizudeen
Posts:4
Joined:Tue Mar 16, 2021 6:02 pm
Lodgers and capital gain tax

Postby refoizudeen » Wed Mar 24, 2021 11:00 pm

 got some queries regarding capital gain tax and lodgers

 
I have learned that having more than one lodger at a time will attract CGT

I got my own house which I bought 10 years ago I rented a room to two lodgers (who are couples couples)  for 1 and half years for which I have to pay capital gain tax

In future if I have a single lodger I am not sure if i have to pay cgt for the period of having a single lodger as well at the time of disposal.


 I am getting a different types of answers from people I specifically want to know at the time of disposal of the property if I had two lodger for 1.5 years and then I had one lodger for 2 years, do I have to pay CGT for 1.5 years or for all the period of having a lodger which is 3.5 years (1.5+2)

 


 

Thank you

pawncob
Posts:5090
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Lodgers and capital gain tax

Postby pawncob » Thu Mar 25, 2021 11:45 am

Did you read the HMRC link details?
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg64702
With a pinch of salt take what I say, but don't exceed your RDA


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