Sign up to get our free landlord tax strategies


To receive our seven FREE landlord tax saving strategies just simply complete the form below and the first strategy will be emailed to you immediately.

Sign up to get our free landlord tax strategies

Thank You!

Seven FREE property tax busting strategies reveal the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions

What reliefs are we entitled to?

Question My partner and I (we are not married) have owned a buy-to-let property for four years and have just moved into it (having paid off the buy-to-let mortgage). We intend to live here for at least two years and wonder what will happen when we sell? Will we be entitled to capital gains tax letting relief (would we get two letting reliefs?) and our personal allowances even though we did not live in it before it was let out?

Arthur Weller replies:
The answer is you will get two letting reliefs when you sell. See www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg64738 on the HMRC website, that joint owners can each get their own letting exemption. It is not necessary to have lived in the property before letting it out, to be eligible for letting relief.

Property Tax Insider This sample question and answer is taken from Property Tax Insider, a monthly UK tax saving magazine for landlords and property investors.

The first issue is free so click here to try today!

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question