Hi. I have a property I haven't lived in for seven years now. It has a large capital gain and I don't plan to sell for another ten to twenty years. As I have rented since leaving it I would like to keep this property as my primary residence for tax purposes so that when the time comes I won't have to pay a lot of CGT. I am aware of the time periods involved and that my long absence means it is no longer my primary residence. I am prepared to move back into it for a few months to re-establish the PR status for another six years.
Does anyone know how long would be long enough to get all the bills in my name etc, live there and re-establish the PR status. (I would prefer just 3 months so I can get it rented again.)
Does anyone know how long would be long enough to get all the bills in my name etc, live there and re-establish the PR status. (I would prefer just 3 months so I can get it rented again.)