My daughter and her husband jointly bought a house in 2001 for 75k. They lived in it for 3 years and then moved to a job where accommodation was provided. From that time they rented out their house until they sold it in 2018 for £175k. Is there any capital gains tax to pay?
Potentially. The employer's house would need to have been defined as being for the better performance of the duties. If it was just provided, then CGT could be payable. Letting relief up to the lower of principal private residence or £40K would be available. The reliefs are available to each of them.