I am a little confised about CGT rules - I have read this:
[FONT=Times New Roman,Times New Roman]
and still did not fully understand it..
Example:
I am moving to another house, and renting my current apt. As far as I understand CGTwill not apply until 12 motnhs after my apt is no longer my leaving residence, giving me a 12 motnhs relief on CGT.
What about if I rent the property during those 12 months? am I still exempt from CGT?
[FONT=Times New Roman,Times New Roman]
[/FONT] and still did not fully understand it..
Example:
I am moving to another house, and renting my current apt. As far as I understand CGTwill not apply until 12 motnhs after my apt is no longer my leaving residence, giving me a 12 motnhs relief on CGT.
What about if I rent the property during those 12 months? am I still exempt from CGT?