Thanks. I posted this response but it has not appeared on the thread, so I will post again.
Please can I have some clarification on this point....
"If you had just one lodger and the rents were less than £4250 a year, then you would be able to claim exemption under rent a room relief, on both the rents and the capital gain position, but as the income was/will be in excess of this threshold, you are treated as receiving UK property income."
Do you mean by this that I may be liable if I have income of more than £4250 a year irrespective of the number of lodgers I have? Or am I safe from any CGT liability if I only ever have one lodger?
You say: "Even if you just have one lodger - if the rents are in excess of the rent a room relief limit £4250, then you will have a capital gain consideration on sale of the property.
Are you sure this is correct? It says here:
"You don’t pay Capital Gains Tax when...you haven’t let part of it out - this doesn’t include having a single lodger".
You say I can claim private letting relief, however in you first reply you say "You will not be eligible relief". Can you tell me which it is please. (I will be resident in the house all the time.) And if I can claim it after all, can you redo the tax calculation.