Capital Gains Tax Query

purpleacorn

I'm about to sell a property that has a rather complicated history and can't work out how much Capital Gains I will be liable for... can anyone help?
I bought a property on my own in 2003 for £145,000.... a couple of years later after meeting someone we converted it to joint ownership and at some point along the way remortgaged for £190,000. We continued to live in it together until Jan 2009 when we split up... I then bought her out (after having it valued at £200,000) and converted it back to sole ownership.
I continued to live there but after meeting a new partner I had it valued at £215,000 in 2011/2012 and tried to sell it (as new partner wasn't keen on living on home I shared with my ex!) but as market was poor at the time it wouldn't sell so we moved out in October 2012 and I have been renting it ever since.
I've now accepted an offer of £260,000 for it but have no clue how much capital gains I will be liable for due to all these changes! Obviously the primary motivation for letting it wasn't to gain financially from it but because it wouldn't sell/new partner didn't want to live there.
I am self employed so have always declared the rental income but have never made much of a profit from it after expenses/maintenance so am hoping not to be stung for a large sum of Capital Gains Tax!!
Many Thanks in advance to anyone who could offer some advice on this one!

saintalan

At a quick glance your net gain of £115k will be eaten up with:
1. your residence relief (time you lived there + 18 months) about 95%
2. letting relief
3. and your annual CGT allowance £11,100

there will be nothing to pay.

http://www.hmrc.gov.uk/manuals/cgmanual/CG64977.htm

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/420007/sa108-notes-2015.pdf