W
Watercress
Guest
We moved out of our home at the end of August 2009 to take up residence in my wife's family home which was going through the probate process (agreed with her sister and all inheritance tax has been paid). I continued to use our original home occasionally as and when my work dictated and we didn't rent it out. We are now selling the original home and I'm wondering about our liability to capital gains tax. I think we have a 12 month CGT grace period after moving out but I'm not sure???
Another complication is that we paid NPPR tax on the original home in 2009 and 2010. I recently checked the NPPR details and the 2009 charge was based on the status of the property at the 31st July and had to be paid by the end of Sept 2009 (after we moved). We assumed incorrectly that the Sept deadline was the applicable date which was after we moved but in hindsight we should not have paid the charge as we were still resident there in July. Obviously, in this case we should have paid it on my wife's family home. I now fear that the payment of the NPPR could be seen as a declaration that we had moved before the end of June 2009 and that CGT will apply to the sale.
Another complication is that we paid NPPR tax on the original home in 2009 and 2010. I recently checked the NPPR details and the 2009 charge was based on the status of the property at the 31st July and had to be paid by the end of Sept 2009 (after we moved). We assumed incorrectly that the Sept deadline was the applicable date which was after we moved but in hindsight we should not have paid the charge as we were still resident there in July. Obviously, in this case we should have paid it on my wife's family home. I now fear that the payment of the NPPR could be seen as a declaration that we had moved before the end of June 2009 and that CGT will apply to the sale.