Simple BTL - CGT question.

[Mr Noble]

One of my rental properties is proving a bit of pain in the butt, due mostly to it being nearly 200 years old.


If I was to sell it and transfer the money straight into another BTL property (or two), I assume I'd be liable for the full CGT amount as I liquidate the asset.

Is there any way to roll the investment from one asset to another one the same without incurring CGT?

Was there a different rule on this in years gone by? I seem to think it used to be possible, but suspect it isn't now.



Maybe one for Eric, the resident guru

[Alpinestars]

You're probably thinking of roll-over relief.

It's broadly only available for business assets and unless your properties are holiday lettings, you won't get roll-over relief.

[sumo69]

Alpinestars said:

You're probably thinking of roll-over relief.

It's broadly only available for business assets and unless your properties are holiday lettings, you won't get roll-over relief.

Top marks - as holiday lettings were deemed a "business asset".

No avoiding CGT on normal buy-to-lets.

David

PS That's 2 people not named Eric that have answered you - I am sure he can confirm this for you should you feel the need.

[Mr Noble]

Ahh yes, that was what I was thinking of.

Thanks for the help chaps.

Eric can stand down now