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agwa

Registered User
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Hi,

It looks like I'm going to be bought out of my share of an apartment (which is my primary residence) for 100K.
Am I liable to tax on any of this if I then choose to rent from now on?

Thanks
 
If the property was never rented out by you and was always your PPR then no tax as above.
 
Lots of info about this around AAM. Search the site for any specifics relating to it.

As long as it is (and has been since you bought) your PPR and you don't rent out the apartment (other than under the Rent a Room scheme) then you've no Stamp Duty or Capital Gains Tax liabilities.

(Be sure to claim the rent relief tax credit due if you do return to renting as a tenant)
 
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