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Hello my name is ***** ***** I will help you with this.
If it was not your main residence then yes you will pay SOME capital gains tax.
You have to live in it for 3 years before you do not pay any tax.
So if you moved out a year go you are entitled to 2/3rds reduction on any capital gains tax payable.
So whatever the gain is you take 1/3rd of that and this is your gain
You are allowed £11,000 tax free gain.
Then you pay tax on the balance.
Can I clarify anything for you about this today please?
But I did have to get a loan of £25,000 from a family member in order to pay my ex-wife her share. Would this be taken in to consideration?