I have a large enough gain on my PPR currently. What would be the CGT liability if I rented out my house to move into a rented house in a different part of the country for a few years (My employer isn't asking me to move choosing to relocate and work remotely).
From what I can see it would cease to be my PPR after 12 months and then be a investment property where I would pay CGT on the portion of rented out time, even if most of the gain was during the time I lived there.
Is my understanding correct? Anyway of optimizing this?
From what I can see it would cease to be my PPR after 12 months and then be a investment property where I would pay CGT on the portion of rented out time, even if most of the gain was during the time I lived there.
Is my understanding correct? Anyway of optimizing this?