we would like to sell our 2nd home (next door) which has been rented for 6 years, could we avoid paying capital gains tax if we move into it ourselves. we live in the uk
Answer:
NO YOU CAN'T! The Revenue will look at intention, especially since you have another house. You might have been able to get away with it, if it had been your only house, but this loophole was plugged ages ago.
the short answer is yes for 6 months at least
Sell your first home to a local skydiver.
Yes one of you has to occupy 40% of the property for six months. Good Luck
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