{"id":121476,"date":"2021-08-16T13:00:28","date_gmt":"2021-08-16T06:00:28","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-have-to-pay-capital-gains-tax-when-i-sell-my-flat-because-i-had-two-lodgers\/"},"modified":"2021-08-16T14:06:23","modified_gmt":"2021-08-16T07:06:23","slug":"do-i-have-to-pay-capital-gains-tax-when-i-sell-my-flat-because-i-had-two-lodgers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-have-to-pay-capital-gains-tax-when-i-sell-my-flat-because-i-had-two-lodgers\/","title":{"rendered":"Do I have to pay capital gains tax when I sell my flat because I had two lodgers?"},"content":{"rendered":"


\nI have rented out two rooms in my property for several years and the mortgage is paid offQ I\u2019ve been renting out two rooms in my flat in Devon for several years but am now thinking of selling it. The rent has always been below the rent-a-room threshold of \u00a37,500 a year, so I\u2019ve not declared it or paid tax on it. I\u2019m not self-employed, by the way, and never have been. The mortgage has been paid off.I have come across articles that suggest I may need to pay some capital gains tax on the flat when I sell it due to having had two lodgers at the same time \u2013 is that true? My income is about \u00a327,000, the flat was bought for \u00a3100,000 in 2004 and is now worth in the region of \u00a3140,000 to \u00a3150,000. How much tax would I be looking at paying if I sold it please? It\u2019s all really confusing and really frustrating as much of the rent I\u2019ve earned has been used to meet the living and travel costs of working in London three days a week (the rest of the time living at the flat). Continue reading…
\n
\nSource : theguardian.com
\nRead more…Do I have to pay capital gains tax when I sell my flat because I had two lodgers?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I have rented out two rooms in my property for several years and the mortgage...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-121476","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vBi","jetpack-related-posts":[{"id":111975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-have-to-pay-capital-gains-tax-on-rental-income-when-i-sell-my-house\/","url_meta":{"origin":121476,"position":0},"title":"Will I have to pay capital gains tax on rental income when I sell my house?","date":"October 29, 2019","format":false,"excerpt":"\r I plan to have two lodgers while still living in the property \u2013 my only houseQ Please can you clarify for me whether I am likely to be required to pay capital gains tax on my rental income when I decide to sell my house?\u00a0I plan to have two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105251,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-room-hdb-flat-allegedly-housed-24-tenants\/","url_meta":{"origin":121476,"position":1},"title":"4-room HDB flat allegedly housed 24 tenants","date":"March 22, 2019","format":false,"excerpt":"\r HDB has set an occupancy cap for units being rented out \u2013 a maximum of six individuals for 3-room and bigger flats and four individuals for smaller units. A four-room HDB flat at Block 403 Pandan Gardens allegedly housed 24 tenants \u2013 four times the maximum number of occupants\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129300,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-sell-my-rental-flat-to-buy-out-my-partner-from-the-house-we-bought-together\/","url_meta":{"origin":121476,"position":2},"title":"Should I sell my rental flat to buy out my partner from the house we bought together?","date":"September 5, 2022","format":false,"excerpt":"\r I fear I face capital gains tax bill of \u00a3100,000 or more if I sell it without living back in it for two yearsQ My partner and I are splitting up, sadly, but amicably, after 12 years together. We have two children, aged eight and six. The issue has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138781,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-sell-inherited-house-and-staircase-our-shared-ownership-flat-to-100\/","url_meta":{"origin":121476,"position":3},"title":"Should we sell inherited house and staircase our shared-ownership flat to 100%?","date":"August 14, 2023","format":false,"excerpt":"\r Half the profit in former family home, now rented out, would raise enough to buy our home outright but not leave much of a nest eggQ My mother recently died, leaving my sister and me 50% shares in the former family home. The house is currently privately let and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":177,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-have-to-sell-a-flat-thats-rented-out-how-much-capital-gains-tax-will-i-pay\/","url_meta":{"origin":121476,"position":4},"title":"I have to sell a flat that's rented out \u2013 how much capital gains tax will I pay?","date":"November 19, 2015","format":false,"excerpt":"\r I am wondering if I would avoid the tax if I moved back into the flat and made it my main home until it sold Q I bought my flat for \u00a344,000 in February 1997 and lived there alone until February 2011. My girlfriend and I then bought and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":963,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-the-3-stamp-duty-for-second-properties-apply-in-scotland\/","url_meta":{"origin":121476,"position":5},"title":"Does the 3% stamp duty for second properties apply in Scotland?","date":"January 7, 2016","format":false,"excerpt":"\r We might rent out our flat and buy a house, but are unsure if the stamp duty rules apply to our new house even though we\u2019d be living in it Q I live with my wife in a flat in central Glasgow and we\u2019re looking to move somewhere quieter\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121476"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=121476"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121476\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}