Capital gains on flat sale

[Lozrington]

I’m considering the freehold purchase of a large, 3 storey house (as my sole residence), for conversion to a ground floor flat and 3 storey upper residence (including a loft conversion). I would then sell the leasehold interest in the ground floor flat. It’s possible that I would also sell a second flat on the 1st floor in a few years time.
My question is, will I be liable for CGT on the sale of either flat?
Any thoughts on this scenario would be very welcome.
👍

[springfan62]

I would have thought that the sale of the first flat would be covered by the PPR exemption just like selling off a part of your garden, however if you convert the other flat and sell it later its no longer covered by PPR and hence CGT would be apyable.

[Lozrington]

springfan62 said:

I would have thought that the sale of the first flat would be covered by the PPR exemption just like selling off a part of your garden, however if you convert the other flat and sell it later its no longer covered by PPR and hence CGT would be apyable.

Ok, thanks. That makes sense.