Property CGT on temporary home
Hi i wonder if anyone can help on this - i own a rental house which as bought about 12 years ago, At the time of purchase i already owned my own home on which was beginning a process of refurbishment/extension. The idea was id live in the newly bought investemnt house for 7-12 months while the works completed, then move back into my orignal home and rent the investment house.
question is , does this 7-12 months of occupation count for a PPR relief claim for when i sell it? i owned two homes at the same time, but couldnt really live in my regualr one due to the refurb.
thanks in advance
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I'm afraid not. Same comment