Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.
Er not quite! You will be taxed on a proportion of the gain reflecting the letting period against the total ownership period. Also you are deemed to be in occupation for the last 18 months even if this is not the case [9 months fron April 2020].
There has been no such change in the law.
The situation is how I explained it earlier, there has been no change.
Please be so kind as to rate me before you leave the Just Answer site.
Thank you for your support.