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View Full Version : selling up and CGT relief.



cymru
07-08-2010, 16:24 PM
does anyone know how the lettings relief works or if it still exists?I am selling a property I have been letting for ten years and expect to make a capital gain of 100,000 after deducting my original purchase price.I intend to move into the property for a time and nominate it as my PPR,then sell in a year or so.Any advice on my liabilities re CGT?

TaxationPete
07-08-2010, 20:51 PM
On another forum you were only going to move in for 6 months or so. Which is it, it will make a big difference. Yes if you truly qualify the property as your PPR then LR will be available. Regards Peter