A solution may be at hand for those who fear their career is on hold because of problems with selling the family home.
For anyone feeling trapped and worried about accepting that dream job on the other side of the country, there may be ways out, according to accountants and business advisers Horwath Clark Whitehill.
Graham Apperley, tax director at the firm’s Midland office, said there were always people who through employment changes or family circumstances need to move house despite the current stagnant market.
He suggests that rather than trying to sell their home in such circumstances they should consider renting it out because tax savings can be made while waiting for a sector revival.
Indeed some pundits see the embryonic arrival of a whole new market category – forced-to-let rather than buy-to-let.
“There are a number of tax breaks available to home owners who relocate and let out their house and either purchase another property elsewhere or rent,” noted Mr Apperley.
For Capital Gains Tax purposes, there is principal private residence relief and lettings relief.
Under principal private residence rules if you relocate and intend not to re-occupy the house, you effectively get a three-year window to sell the house before being caught in the tax net.
Mr Apperley said: “If the house you are vacating has been your only or main residence throughout your period of ownership, any gain on disposal is free of CGT.
“You could move out and let the property for the last three years of ownership and then sell without incurring any CGT liability.”
Lettings relief could be another bonus, he added.
“Lettings relief is available where you sell a house which is, or has been, your only or main residence, and at some stage during your period of ownership other than the last three years of ownership, the whole property has been let as residential accommodation.
“It is available per owner and up to £40,000 can be claimed. Therefore, for a married couple or civil partners, the relief could be up to £80,000 in total.
“And, if you leave your home and let it, deciding you would like to buy a property in the area you are relocating to, then another opportunity opens – but only if you can jump the credit crunch hurdle.
“Obtaining a mortgage may be a problem because there is already a mortgage on the house you are intending to let. However, if you have a good credit rating, you may be able to convince your bank or building society to provide further funds secured against this property rather then the new one.
“All the interest paid on the second loan will be available to set against the rental income received.”
He went on: “For those having to move house for whatever reason it is well worth checking out all these possibilities of making the switch less painful. The lettings market is strong and only the other day a survey confirmed high tenant demand and rising rents.”