UK tax: How long do you have to live somewhere to call it your residence?
April 4, 2007 12:31 AM Subscribe
UK Tax question: How long do you have to be resident in a house for it to be your residence, for the purposes of capital gains tax?
posted by handee to work & money (3 answers total)
If you have not lived in a house for 3 years, you get taxed on the profit of the sale.
My question concerns what happens if you've not lived in it for 2 years then move back in for N months then sell it? Obviously, if N is very small it looks like tax avoidance. And presumably there's an issue with property developers owning 4 houses and moving from house to house. So there has to be a fact about this: I'm looking for a statement of the form 2.5 years out, 2 months in=bad, 2.5 years out 3 months in=good. I've tried to check the revenue website for this information but it's not easy to find stuff on there.