Hi there.
Not sure if our circumstances are the same as for other CGT queries so I will elaborate.
We lived in the 1st property for 5 years, then bought a
2nd and moved to it for the last 7 years. The 1st has been rented all the time we have been away. Our plan is to sell the 2nd to avoid CGT and move back to the 1st. How long must we live in the 1st before we can sell it and avoid CGT there as well?
We will definitely be moving out of the 2nd property because we need to free up the equity in it, in order to buy the 3rd and final property we hope to move into, once property 1 and 2 are sold.
Best regards
Jade
Not sure if our circumstances are the same as for other CGT queries so I will elaborate.
We lived in the 1st property for 5 years, then bought a
2nd and moved to it for the last 7 years. The 1st has been rented all the time we have been away. Our plan is to sell the 2nd to avoid CGT and move back to the 1st. How long must we live in the 1st before we can sell it and avoid CGT there as well?
We will definitely be moving out of the 2nd property because we need to free up the equity in it, in order to buy the 3rd and final property we hope to move into, once property 1 and 2 are sold.
Best regards
Jade