| Rented House & Capital Gains Tax
I'm Currently renting out my one & only house. I would like to continue renting it out but do not want to be liable for paying capital gains tax if I sell it. I understand if it is rented out for more than 3 years I will be liable for CGT.
The present tenant has been in the property for 22 months, the house was previously empty for 8 months & prior to this it was rented for 4 months. With regards to CGT liability would this be classed as 22, 26 or 34 Months? |