Andy H Posted January 9, 2017 Share Posted January 9, 2017 I am having a little trouble finding examples so hoping someone could confirm my understanding or advise where I might be going wrong. Purchased Property 1 (London) in Oct 2012 and Lived in it for 2 years until Sept 2014. After which It has been rented out Purchased Property 2 (London) in April 2014 and It has been rented out to date. Between October 2014 and December 2015 I was traveling/working abroad. Since my return to the UK in Dec 2015 I have lived at my parents house. It is my intention to move into Property 2 in October 2017 and Live there (minimum of 6 months) with the intention of eventually selling and moving into a larger Property. At the moment I´m assuming that the HMRC see Property 1 as my main residence (even thought I have not lived there for 2/3 years). No previous nomination has been made. By living in Property 2 and then selling would I be able to take advantage of the 18 months final period for CGT purposes (I thought it was 36 but I guess I was wrong) and also be exempt from the additional 3% SDLT on the new property? Thanks Andy Link to comment
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