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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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Alex, I asked you a question about CGT last night concerning

Customer Question

Alex,
I asked you a question about CGT last night concerning a house that I purchased in 2003. You said" Ok - then if you live in this new home for 3 years (your primary home) there will be no CGT to pay.
To avoid possible future problems with HMRC, I asked the same question again to another person and got this a reply from Tony Tax UK Tax Professional "No, it isn't the case, I'm afraid. You will get relief for the period that the property was your main home". Please comment. Thanks- Richard
Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Alex Watts :

Hello and thanks for requesting me.

Alex Watts :

I said you would get tapered relief.

Alex Watts :

Please see:

Alex Watts :

https://www.gov.uk/tax-sell-home/private-residence-relief

Alex Watts :

You get this for when your main home is 3 years or more (or part thereof)

Alex Watts :

Can I clarify anything for you?

Alex Watts :

If this answers your question could I invite you rate my answer before you leave today.


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