Impact of Capital Gains Tax if only rented for 6 weeks a year

[Mark5831]

Hi everyone,

I realise that this may require an appointment with a financial advisor, but I thought someone on this forum might have some knowledge on this. We have rented our entire house for 6 weeks for each of the last two years. We plan to sell next year but a little concerned that even a small amount of letting on Airbnb might have a large tax implication when we do sell. Has anyone been through a similar circumstance? Any comments on your own experience would be much appreciated.

[Mike-And-Jane0 · Accepted solution]

@Mark5831 absolute worst case you will pay CGT on the proportion of the time you rented (ie if you have lived there for 5 years you would pay CGT on 12/260ths of the gain. You then get a £3000 allowance per owner for any gain)  I would give the Inland revenue a quick call (best time is 8.30am) if you cannot find the answer on gov.uk

[Mark5831]

Thank you @Mike-And-Jane0  for that reply. Very helpful.