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Many thanks for prompt response.
Can you clarify this for me please. Can I be exempt just on private residence relief? got a bit confused there, sorry.
If the last 36 months changed to 18 months, I think I am still Ok as the time duration that I have had two houses is around 14 months.
Regarding letting relief I got this from HMRC website:
The amount of relief is the lowest of:• the amount of Private Residence Relief already calculated, or• £40,000, or• the amount of any chargeable gain you make because of the letting (calculated as a fraction of the gain – the fraction being the period of letting/divided by the period of ownership).
Thanks and Regards