Hi All,
Question on capital gains tax on property.lucky enough to have 2 homes. Home 1 is main residence lived in for 20 years home 2 is rented for 1 year looking at switching so we live in house 2 and rent house 1.
When we come to sell house 1 if we have moved into house 2 do we pay Capital gains on house 1 and if so how do we calculate this for example we live in house 2 for 2 years and rent out house 1 for 2 years. Also if we nominate are current house 1 as main residency would this help?
Sorry for the long question
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