Hello all. Just an informal approach as know may have to seek professional advice eventually.
I own a property (purchased 2004) lived in it as a divorcee until 2016. Then remarried so became an ‘accidental landlord’ Moved into my new husbands house with prenups ensuring clear our finances are separate His 4 children will inherit his house and my two would inherit mine (at our death). So I have no financial claim to his property (nor he mine). If he dies before me I would go back and live in mine (with an agreement I can continue living in his place for up to two years rent free before sold by his estate.
I bought flat for £200k Received rental income officially since 2016 (paying relevant tax). On selling and buying again in say two years would I have to pay CGT. In effect it is my only property asset . Any advice welcome. Thank you
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