CGT: What is the tax liability on two homes if one is for sale?

Writing for The Telegraph, BKL tax partner Geraint Jones helps to explain the tax implications of buying a new home before selling your existing one.


It’s well known that any property that is your main residence will be exempt from Capital Gains Tax (CGT). However what is not as well known is that any property that has been your main residence is deemed to be your main residence for the last 18 months of ownership, and is therefore also exempt from capital gains tax, said Geraint Jones, principal at taxation consultancy BKL Tax.


The full article is available on The Telegraph website.



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