Hi I bought a house in my sole name in 1995 and lived in it as main residence until 2007 when I bought a second property jointly with my husband. So I am sole owner of previous property and jointly named on mortgage of second. Since 2007 the property has been rented out and is on a Buy to let mortgage. My husband and I are splitting up and I will be moving back to my previous property. I am hoping to sell the property and move away from the area. I mentioned I wanted to sell it but someone said I would need to pay CGT on it. My question is how long would I need to live there before I could sell it and avoid paying CGT. I need that money to buy another property elsewhere. The house has a 78k morgate on it and is valued at 160k.
Thank you in advance.
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