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Hi. My name is*****'m looking at your question now and will post my answer or ask for more information here in a short while.
Take a look at HS283, in particular Example 9.
First off, the gain is treated as having accrued on a straight line basis. The value of the property when it was first let is irrelevant.
You should get relief for the period that you lived in the property as a proportion of the whole period of ownership and, in addition, you will get relief for the last 18 months of ownership as a proportion of the whole period of ownership and letting relief of up to £40,000 per part owner. Look at the examples here as well.
I hope this helps but let me know if you have any further questions.
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