Hi, can anyone help.
I used to live in a house that I bought from 1996 to 2001, and then moved a short distance away and rented it out until now. I paid the tax on this rental and a couple of other rentals and now looking to sell up.
What are the rules about having the tenant moving out and me moving back as my main residence to be able to sell after doing some necessary work on the house?
Is this still a legitimate way to sell without paying CGT?
I would probably rent my current house out so effectively swapping my home for the duration.
Is there any other criteria such as how long do I need to stay in the property before selling or putting it on the market?
And finally, I might sell another place in the same tax year and would expect to pay the required tax, but would this add to any concern the tax office might have by selling my possible current home in the same year?
Thanks in advance
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