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Where Taxpayers and Advisers Meet

CGT on Main Residence that becomes a BTL

Martintaxes
Posts:24
Joined:Fri Apr 28, 2017 12:25 pm
CGT on Main Residence that becomes a BTL

Postby Martintaxes » Sat Nov 27, 2021 10:27 pm

Hi,
If I have my main residence (for 18 years) revalued by an estate agent prior to renting it out, can I use that valuation as the starting point for calculating CGT if I ever sell it later?
Many thanks in advance,
Martin.

pawncob
Posts:4877
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: CGT on Main Residence that becomes a BTL

Postby pawncob » Sun Nov 28, 2021 10:38 am

CGT on PPR and letting is calculated on a time apportionment basis, so no valuation required.
With a pinch of salt take what I say, but don't exceed your RDA

Martintaxes
Posts:24
Joined:Fri Apr 28, 2017 12:25 pm

Re: CGT on Main Residence that becomes a BTL

Postby Martintaxes » Thu Dec 02, 2021 12:07 am

Thank you.


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