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Thank you for your advice. Could I just check I have understood correctly, please? The annual exempt amount applies whether you lived in the property before letting or not whereas Lettings Relief only applies if you occupied it before letting. I owned it for a couple of months whilst maintenance was carried out prior to letting. Would this be sufficient time to qualify as prior occupation?
Also, is the tax payable as soon as the sale completes or can it be included in the tax return for the year of sale, please?