Capital Gains Tax

[beguilingeyes]

When I met my husband he had his own house, which he rents out now and we live in mine.

The plan is to sell them both and buy something bigger next year.

Would he be liable for CGT on his house when it's sold?

Yes he will be. How much depends on how long it has been rented out instead of being his personal residence.

You would benefit from tax advice as there are ways to mitigate tax...ie using both your capital gains tax allowance when you sell

May or may not be. Depending on the value and how long he lived in it vs rented it.

That’s the detailed guidance.

www.gov.uk/tax-sell-property/work-out-your-gain