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  • Profile photo of ciciwxciciwx
    Participant
    @ciciwx
    Join Date: 2009
    Post Count: 9
    July 22, 2009 - 4:13 am

    hi, Thanks very much. Everyone!  For your time and good advise.

    I just bought a Home content insurance with 20 m Legal liablity.

    Have a great day ahead !

    Profile photo of ciciwxciciwx
    Participant
    @ciciwx
    Join Date: 2009
    Post Count: 9
    July 15, 2009 - 6:35 am

    Hi, CGT exemption is applied to your main residence. That is the place you live in…  the whole period you have lived in your main residence is CGT free. Even if you dont live in your main residence, you still can have it CGT free by renting it out for up to 6 yrs.  ie. if you rent it out for up to 6 yrs and then move back for few months and then rent it out again, your 6 yrs clock starts again…

    but you can only have one main residence exempt at any given time. 

    cheers

    Profile photo of ciciwxciciwx
    Participant
    @ciciwx
    Join Date: 2009
    Post Count: 9
    July 11, 2009 - 5:59 am

    thanks very much for your help !

    Cheers !

Viewing 3 posts - 1 through 3 (of 3 total)