If I sell my only residence to my limited company at full market value, will I incur capital gains tax (CGT)? I have lived here since I bought it 18 years ago and never used it for business purposes. It will become a rental property (but isn't yet). Some sources say I would not need to pay CGT as it has been a private primary residence for the duration. But it appears complicated by the 'connected person' question. Does that make a difference if I am selling my flat at full market rate?  

Arthur Weller replies:  

Since you have lived in it as your main residence for all the eighteen years that you have owned it, you will incur no CGT on the sale to your company. So, the first sources that you quoted are correct. The ‘connected person’ rule that you quoted just means that the transfer is deemed to be at today's market value. But since you are planning to sell at full market value, this rule should not make any difference to you.