Capital gains tax

[Chopsticks2829]

Hello, I’ve rented a property for 5 years (bought to rent it out) but it’s now empty and I’m planning on selling my existing home and moving into my previously rented house in the meantime until I find somewhere else as it’s hard buying and selling at the same time.

My question is, if I move into my ex rental property and it becomes my main address (selling existing home), would I be liable for capital gains if I decide to sell it to buy somewhere else?

I live in Glasgow. Thank you.

Not a tax expert.

I'm not certain but I think yes you potentially would for the time that you owned it as a second property rather than your main home.
So worth getting a valuation of it at the time it becomes your sole property.

Yes you will. There's a calculation you'll have to do that basically looks at the time it has been your main residence Vs the time it hasn't been.

The empty property could become your main home, but beware the Cases at tribunal where temporary occupation does not meet the standard of permanency required. A 'home' has a different meaning to an address or temporary occupation while looking for a permanent home. Even then, the exempt versus chargeable gain is a linear calculation so there will always be a fraction of the whole capital gain when you finally sell which is liable to CGT at 28%.