Hi, I have a CGT question relating to private residence relief I would really appreciate some help with. My friend split up with her husband in March 2018 and she has been renting since then while he has remained in the family home. She is now trying to agree a consent order for sale of the house and they have provisionally agreed a sale by September 2020. She is now concerned that as the relief reduces to 9 months (from 18 months) in April 2020 she would only get relief for the final 9 months so that, assuming a sale in Sep 2020 she would be liable for CGT for the period March 2018 – December 2019. Is that right and if so does “sale” for the purposes of the tax mean exchange of contracts or completion?
Very grateful for any thoughts.
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