House Renting & Capitol Gains

[K1 CERB]

I find myself in a situation. I have been trying (unsucessfully)to sell my house. Next month I am moving in to a new house with my Partner. The house we bought was <> the sum of monies from both house sales, so we have taken out a loan to cover the missing sum.

I heard on R4 recently that you have upto 3 years to sell you 'main residence' whilst living somewhere else before CGT kicks in. Is this true? And how would the figure be effected if I took it off the market now & rented it out for 2 years, then tried to sell it again?

TIA

K1 CERB

[K1 CERB]

Thanks Guys & Gals...I have a little more idea, but it is good to see a healthy debate on any subject!

K1 CERB

[K1 CERB]

All Sorted now!! Got a offer today on the house, so no worries about CGT.

K1 CERB