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Old 30-Sep-2005, 16:08
748mart 748mart is offline
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Mille
 
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Join Date: Jul 2001
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?
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