Buy to Let CGT issue

[Bob7]

Hi - can anyone help - I have a number of buy-to-let properties. I purchased one of them on the 19th March 2004. I rented it out immediately to my father who is still there. The property has risen in price by approx. £60k. My intention is to sell the property within the next 18 months and re-invest the equity (circa £80k) in a holiday let. I gather that if I sell the property as is, I incur Capital Gains Tax to 40%. My position is that I am in the process of finalising the sale of my residential home (main residence) within the next 2 weeks. If I nominate the flat that I currently rent to my father as my main residence, will I effectively escape the CGT liability?

I'd appreciate any advice?

[Bob7]

OK, thanks...I'd be interested to see what they say?