If you move out of a house and continue to own it (perhaps to rent it out) then currently the last three years of ownership is normally counted as exempt from capital gains tax. This is the final period exemption for only or main residence relief. This is to be reduced from three years to 18 months on 6 April 2014.
Capital Gains: final period exemption for only or main residence relief
on 22 November 2013 with No Comments
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