I’m selling a property in the UK that I have lived in and bought 20 months ago. I own another flat in the UK that I rent out on a short term basis. Will I have to pay any capital gains tax (CGT) on the profit? 

Arthur Weller replies:
It appears that you lived in this property as your main residence all the period of your ownership. If that is true, then there is no CGT to pay, and no necessity to put it on your tax return. If you did not live in it for all 20 months, then there could be CGT to pay, depending on the proportion of the 20 months you did not live in it as your main residence.