Selling house that has been let

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novice999

Guest
hi all
i have been living in my house for 5 years have moved out and rented it out for the last month i am thinking of selling it now but have been told that i would be liable for 20 per cent capital gains on the sale unless i move back in for 6 months i have only just informed the revenue of the change and have posted off my tenancy form to the tenancy board and have recieved one months rent any ideas?

kind regards

novice 999
 
Re: selling hse that has been let

Have you signed a lease and what's the term of the lease?
 
Re: selling hse that has been let

If you rent it for less than 12 months at the end of a period of occupation, there will be no capital gains tax.
 
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