I'm looking to convert my primary residence into a buy-to-let. What capital gains tax (CGT) implications should I be aware of when I eventually sell, especially regarding Principal Private Residence (PPR) relief and how it impacts my taxable gain?
Quick Answer
When converting your home to a buy-to-let, PPR relief covers the time you lived there plus the last nine months. The remaining gain is taxable at 18% or 24% CGT, after accounting for your annual exempt amount.
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Understand Capital Gains Tax (CGT) and Principal Private Residence relief when converting your home to a buy-to-let. Learn to reduce your tax liability.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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