I understand that on buying a second home there is 9 months allowed to sell the original after which CGT has to be made on any gain on the first home. But what if the second purchase is a second home for occasional use?
For personal reasons I intend to live between the two for year or two and sell the original home within 3 years which I believe is necessary to reclaim the 3% extra stamp duty. If so will the 9 months rule not apply and my original home therefore be CGT exempt? Would I then have any liability for the 2nd home as once I sell the original home it will then be my only home?
Thank you to anyone who has any experience to offer.
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