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    • Home • Advice • Common questions

    Can I sell a rental property without incurring CGT?

    17 December 2024

    Question by Boring money reader

    Hi,

    I, like many other landlords, am considering selling a rental property that I own outright, but will face a large Capital Gains Tax (CGT) bill. However if I sell my current “principal private residence “ where I live… I face no CGT. So if I sell my current house, then stop letting the rental property and move back into it, and declared it to be my principal residence… how long must I stay there before selling it and moving again to not incur any CGT? Or is this not even allowed?

    Thanks!

    Answered by Boring Money

    Hi there,

    Thanks for your question! One of our Contributors, Matthew Spence, answered a similar query which you can find here.

    Hope this helps!

    Answered by

    Boring Money

    Here to help you understand your options and make smart money choices.

    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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