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5/18/2011
Sam, Accountant
Category: UK Tax
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Experience: 26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax
VerifiedHi
Thanks for your question
There will be capital gains due on the first property as you were more than 36 months from it before selling ( I assume you left in April 2003 to Jan 2008)
However you will be private residence relief from July 2002 to March 2006 (as this is the time you lived there plus the last 36 months of ownership) You will not be due private lettings relief, as the time that this would be due, you already are given the private residence relief.
The second property was your main home throughout from purchase to sale, so no capital gains is due on this sale.
Thanks
Sam
Sam, Accountant
Category: UK Tax
Satisfied Customers: 17,135
Experience: 26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax
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