From: Ronald Raygun 
Subject: Re: U.K. Capital Gains Tax and Exemption by Re-Investment?
Newsgroups: uk.finance
Date: Wed, 28 Nov 2007 01:19:37 GMT
Bytes: 2251

Tim Woodall wrote:

> If you own more than one house that you use as your home you can
> nominate which is your principle private residence. HMRC doesn't require
> that you nominate the house that you spend most of your time at (but
> does require that you make the nomination within two years of buying the
> second property).

I don't think it is within 2 years of buying the property.  AIUI it is
within 2 years of any change occuring to the set of properties you own
which could be eligible for nomination as a PPR.

Buying the property you wish to nominate is only one way of effecting
such a change.  Buying *or selling* a *different* property is another.
Yet another, I suggest, is changing the status of a property you already
own (even if you've owned it for many years) from being ineligible for
nomination (because it is let or uninhabitable) to being eligible (by
the letting ceasing or by becoming habitable), or from being eligible
to being ineligible (such as by letting it).