Principal private residence

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M
marg
60 Posts
4 Thanks

I thought Id seen a mail about this but after much searching cant find it
I lived in a property until Jan 2016 when I let it out and moved to a where I now live. I changed my correspondence address for tax purposes.
I am trying to decide whether to sell now as its near 18 months since I left, so and I think I wouldn't have to pay CGT for last 18 months of ownership.
or ..
could I elect to have the property as my principal private residence - even though it is let out, until I do sell ..
(The property I moved into has needed a lot of work doing /money spent on it, and it wont have increased as much in value as the other one)
(PS I am single).

15/04/2017 16:28

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