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Capital Gains Tax

I own a small apartment and it has been my home for the last 15 years excluding the last two years. Two years ago I put it on the market but due to changing market forces it did not sell. I then rented it out to cover the cost of the mortgage. The tenants are now moving out but it is too small for my daughter and myself to live in.

If (hypothetically) I was able to sell it now, would I have to pay CGT? It is my only property.

Many thanks
warpig
15:14 Mon 18th May 2009
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warpig3
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Its ok, I found it. Not liable for CGT thankfully.

http://www.which.co.uk/advice/capital-gains-ta x-explained/capital-gains-tax-and-property/ind ex.jsp
16:17 Mon 18th May 2009

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