Have never lived in the property as my relative was living there.
Property in my name.
Purchased the property in August 2005
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond. Please only rate it if my answer is acceptable to you.
What would be the pros/cons if I now rent the property and then sell it within 18months?
Could I sell the property to another relative for a nominal price?
Do I have to produce all receipts for work that has been undertaken?
Can any expenditure to the property be used to offset CGT?
The answer is yes..but only capital improvements and not repairs and maintenance costs