This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

CGT or not

MontyJohn
Posts:1
Joined:Tue Oct 21, 2025 12:38 am
CGT or not

Postby MontyJohn » Tue Oct 21, 2025 12:51 am

Hi, I have been living in tied accommodation for 18 years ( 20 years when I retire). I inherited a house together with my brother about 8 years ago but he gave up his title to it 4 years ago. It is the only property I own and has never been rented. If I sell it to buy a permanent home elsewhere when I retire in a couple of years, will I have to pay CGT? If I was not working where I currently am, it would actually be my home as I have lived there in the past.
Thanks for any advice!

bd6759
Posts:4497
Joined:Sat Feb 01, 2014 3:26 pm

Re: CGT or not

Postby bd6759 » Thu Oct 23, 2025 10:42 pm

If you can truthfully say that you intended to live in it when you no longer occupied tied premises, and those tied premises meet the definition of job-related accommodation, the property will attract residence relief even if you don’t actually live in it.

The JRA rules mean that if you intend to occupy a property, that property will be exempt for as long as there is that intention.


Return to “Capital Gains Tax, CGT”