How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Tony Tax Your Own Question
Tony Tax
Tony Tax, Tax Consultant
Category: UK Tax
Satisfied Customers: 15708
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
13905389
Type Your UK Tax Question Here...
Tony Tax is online now
A new question is answered every 9 seconds

CAN BE APPLIED LETTING RELIEF TO CAPITAL GAINS ON SALE OF BUY

Customer Question

CAN BE APPLIED LETTING RELIEF TO CAPITAL GAINS ON SALE OF BUY TO LET PROPERTY IF OWNER NEVER RESIDED THERE?
Submitted: 1 year ago.
Category: UK Tax
Expert:  Tony Tax replied 1 year ago.
Leave this with me while I draft my answer.
Expert:  Tony Tax replied 1 year ago.
Hi again.I'm afraid that letting relief is only available where a property has been the main residence of the owner at some point as well as having been let. Take a look at HS283 for confirmation.I hope this clarifies your situation but let me know if you have any further questions.

Related UK Tax Questions