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Original poster

Capital gain on a flat that has been lived in and then let out?

3 replies

longerdays · 26/01/2017 11:29

I know this has been asked before but tax treatment seems to change a lot so was wondering if someone on here is an accountant or similar?

If you had a flat that you lived in for say 10 years then let it out for 10 years and now want to sell it how is any gain in price treated for tax purposes? I know there used to be various allowances etc but suspect this has all changed since last tried to understand this. Thanks very much.

OP posts:
Downstairspoo · 27/01/2017 14:23

This reply has been deleted

Message withdrawn at poster's request.

tigerrun · 27/01/2017 14:29

In addition to the above you should be able to add three years for the 'any reason' clause - so it would be 14.5/20 that was exempt. Also if you worked elsewhere in the UK you have 4 years you could use plus any time working abroad?

www.gov.uk/tax-relief-selling-home

Original poster
longerdays · 17/02/2017 00:18

what is the "any reason" clause? Thanks.

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