Capital Gains Tax when selling a property

If its not your permanent home then youd need to pay CGT ,if you live in it continuously for around 6 months you can claim its your permanent home and then no CGT is due .As a second home you need to pay

Well I think the profit would be apx £100k. And as it is my only home in my name (I am not on my husbands house deeds) I still question whether CGT kicks in.

I appreciate selling and buying involves costs but my current property is not ideal for when/if I end up on my own . So I could buy something more appropriate, enjoy furnishing (while still got the energy! ) and my husband and I could enjoy spending time there ( kind of having two homes - one in my name one in his).

Why do you want to sell and buy again?. You incur agents expenses and tax liability for both transactions, why not keep the existing flat collect rent until you know your future situation, if you own it when you die CGT is deleted and it forms part of your estate and you get the Inheritance Tax allowance

You will need to pay tax on any “Capital Gain” that is increase in value. How much depends on the housing market in your area, the housing market in many areas has been pretty slow in many areas and I don’t think anyone is expecting a boom soon.
You don’t need to get professional CGT help until you actually sell it, if you make a profit great but generally property sells for less than you expect. Where CGT really hurts is when you have owned property for 20 yrs plus and there is a large increase in value.

I think you will need specialist advice straight away, before you decide to sell your property or keep it and rent it out. Even the HMRC rules are vague.