Insurance Quotes
Insurance Discount Campsite Offers All offers
UK Sites French Sites European Sites Map Search Text Search Near your Location Popular Searches Leave a Review My Saved Sites Add a New Site
All Sections Caravanning Camping Tent Talk Motorhomes Trailer Tents Backpacking Equipment Statics UK Campsites Camping Abroad General Chat News More Sections Latest Posts
All Adverts Tents for Sale Caravans for Sale Motorhomes for Sale Equipment for Sale Post an Advert Campsite Jobs
All Categories Caravanning Advice Caravan Equipment Tents and Camping Motorhomes Towing and Towcars Equipment Furniture and Cooking Electrical / Gas Shows and Events General More Categories
Join for Free Log In

Advertisement

Message Forums
Welcome Guest Register  Log In  Search  Latest Posts
 Reception - All Forums
  Life in General 		Share   Post on X / Twitter  Share on Facebook  Email
Subject Topic: Capital Gains Tax (Property)Advice Please
Post Reply
Personlidds0
via mobile 09/10/2022 at 10:39am
 Location: Yorkshire
 Outfit: None Entered View lidds0's Profile View Profile   Reply to lidds0 Reply   Quote lidds0 Quote  
Joined: 24/8/2009

Diamond Member
Diamond Member

Forum Posts:   4503
Site Reviews Total: 57
Site Reviews 2026: 0 
Site Reviews 2025: 0 
Site Reviews 2024: 7 
Site Reviews 2023: 10
Site Reviews 2022: 1 
Site Reviews 2021: 4 
Site Reviews 2020: 1 
Site Nights 2026: 0
Site Nights 2025: 0
Site Nights 2024: 37
Site Nights 2023: 48
Site Nights 2022: 20
Site Nights 2021: 9
Site Nights 2020: 2
We currently occupy and own our own home but wish to move and have seen a property we like. If we purchase another property as our private residence before selling our existing property, will we subsequently have to pay Capital Gains Tax on the sale of our existing property, since we'd effectively own 2 properties (though for a short time, hopefully)? Or is there an exemption window?

I realise we would have to pay 3% over and above the current Stamp Duty rate but believe we can claim this back within a 3 year period?

I know I will have to seek professional advice before doing anything but, today is Sunday so the only immediate advice is via Google. I'm hoping someone on here will be able to give me the benefit of their expertise or personal experience, please.


PersonMonty15
09/10/2022 at 11:27am
 Location: London
 Outfit: Lunar Cosmos 524 View Monty15's Profile View Profile   Reply to Monty15 Reply   Quote Monty15 Quote  
Joined: 17/9/2015

Diamond Member
Diamond Member

Forum Posts:   3064
Site Reviews Total: 1
Site Reviews 2026: 0 
Site Reviews 2025: 0 
Site Reviews 2024: 0 
Site Reviews 2023: 0 
Site Reviews 2022: 0 
Site Reviews 2021: 0 
Site Reviews 2020: 0 
Site Nights 2026: 0
Site Nights 2025: 0
Site Nights 2024: 0
Site Nights 2023: 0
Site Nights 2022: 0
Site Nights 2021: 0
Site Nights 2020: 0
Suggest you view the Gov website:
https://www.gov.uk/capital-gains-tax

Quite a lot of detail and explanation there, may answer all your questions.


Personlidds0
via mobile 10/10/2022 at 7:30am
 Location: Yorkshire
 Outfit: None Entered View lidds0's Profile View Profile   Reply to lidds0 Reply   Quote lidds0 Quote  
Joined: 24/8/2009

Diamond Member
Diamond Member

Forum Posts:   4503
Site Reviews Total: 57
Site Reviews 2026: 0 
Site Reviews 2025: 0 
Site Reviews 2024: 7 
Site Reviews 2023: 10
Site Reviews 2022: 1 
Site Reviews 2021: 4 
Site Reviews 2020: 1 
Site Nights 2026: 0
Site Nights 2025: 0
Site Nights 2024: 37
Site Nights 2023: 48
Site Nights 2022: 20
Site Nights 2021: 9
Site Nights 2020: 2
Thanks Monty but I've already trawled through that and can't find a definite answer to this particular scenario.

I'll take advice on it, today.

👍


Personbadger54
14/10/2022 at 8:00am
 Location: kent
 Outfit: Adria Twin 640 SPX View badger54's Profile View Profile   Reply to badger54 Reply   Quote badger54 Quote  
Joined: 30/5/2011

Diamond Member
Diamond Member

Forum Posts:   1634
Site Reviews Total: 19
Site Reviews 2026: 0 
Site Reviews 2025: 0 
Site Reviews 2024: 0 
Site Reviews 2023: 0 
Site Reviews 2022: 0 
Site Reviews 2021: 0 
Site Reviews 2020: 2 
Site Nights 2026: 0
Site Nights 2025: 0
Site Nights 2024: 0
Site Nights 2023: 0
Site Nights 2022: 0
Site Nights 2021: 0
Site Nights 2020: 4
In terms of the extra 3% stamp duty, you can reclaim that if you sell within, I believe, 2 years (it may be 3). I have just done the same, the previous house sold about a year after completing and moving into the new one.The repayment was paid to me within 2 weeks of my sending the form off.
The question of CGT never came up.



In order to post a reply you will need to register, or if already registered please log in here

Prev       Next
Quick Links - All Forums - Life in General - Top of Page

     Share   Post on X / Twitter  Share on Facebook  Email


Latest News, Discounts and Competitions  see all...















    Upcoming Event

UKCS Meet Elvaston Steam Rally 2026 03/07 to 06/07

Amazing family weekend with old steam engines, classic car displays, market stalls, and full catering and bar. And camping on site - Save £25 by booking in advance.


5858 Visitors online !

Free UKCampsite.co.uk Window Sticker  -  Add a Missing Campsite

[Message Forums]  [Caravan Sites & Camping]  [Company Listings]  [Features / Advice]  [Virtual Brochure]  [Special Offers]
[Reception]  [Competitions]  [Caravans & Motorhomes For Sale]  [Event Diary]  [Tent Reviews] 

[Contact Us] 



Please note we are not responsible for the content of external sites & any reviews represent the author's personal view only. Please report any error here. You may view our privacy and cookie policy and terms and conditions here. All copyrights & other intellectual property rights in the design and content of this web site are reserved to the UKCampsite.co.uk © 1999 - 2026


Advertisement
Advertisement

Advertisement