making rented property PPR

W

westside

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I am wondering if there are any downsides if I were to sell my current PPR and move into a property that I am current renting out. I am planning on building a new home and hoping to sell my PPR. I am considering moving into my rental property until the new home is ready.

Can anyone see any problems with doing this e.g. if I sell the rental property down the line will the fact I lived in it be considered in the calculation of CGT?
 
The rental property will be liable for CGT for the proportion of time that it was rented out.

For example, if you buy a property ten years ago, you live in it for 3 years and rent it out for 7 years. Then 70% of the capital gain is liable for CGT (minus your CGT allowance, etc).
 
There is a grace period of 12months, so it would be 60% [(7-1) / 10] afaik.
 
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