Updated October 2026 · Fraser Bond
Tax · CGT
CGT and how long you hold property
Noholding period
PRRmain home
9 monthsfinal period
60 daysto report
In short: There's no minimum ownership period that removes capital gains tax in the UK. What matters is whether the property was your main residence. Private residence relief covers the periods it was your only or main home, plus the final nine months of ownership. Gains on other periods, such as when it was let, are taxable at 18% or 24% after the £3,000 annual exemption. UK residents must report and pay CGT on residential property within 60 days of completion.
CGT estimate
Relief share–
Taxable gain–
Estimated CGT–
Simplified; take tax advice.
Frequently asked questions
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Is there a 3-year rule for CGT?
No; that's a myth.
When do I pay?
Within 60 days of completion.
