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If they are indeed property developers, then they would not be paying CGT. The houses they build and onsell are treated as 'stock-in-hand'. Their development company would pay company tax on profits (after expenses) just like any other company, but it would not be CGT. If their development...

You can upgrade you own home (PPOR) free of CGT. You'll have to ask your friend ;) He's allowed a 6 month overlap.