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I married my wife in December 2009 and still own a property which is rented out. How long do I have to sell the other property before CGT applies ?

Asked on May 18 2010, General in London | Report content

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  • It would be worth checking out this website, below but my understanding is that you have 3 years to sell it without having to pay capital gains tax as long as this was your main and sole home and that you did not buy it with a view of making a quick profit.

    Web reference:

    Answered on May 18 2010, Report content
  • Mark is right I belive it is 3 years and it was bought as a primary residence. From some of our landlord clients I understand CGT changes are expected under the new government.

    Answered on May 20 2010, Report content

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