From: Ronald Raygun 
Subject: Re: Principal Private Residence
Newsgroups: uk.finance
Date: Mon, 24 Sep 2007 13:00:04 GMT
Bytes: 1711

tim..... wrote:

> "JimBob"  wrote in message
> news:1190635018.320250.36980@g4g2000hsf.googlegroups.com...
>>
>> Property A, I own in my sole name. I purchased it in 1974 and lived in
>> it for one year
>>
>> How do I stand with regard to Cap Gains given the info above.
>>
>> If there is any liability, can I overcome this by moving into propert
>> A for a while now.
> 
> Yes.  If you move into it now and live in it for a while
> the final three years of ownership will become CGT free.

No, his final three years are already CGT free because he has
already lived in it for a year.