CGT calculation on property sale

in Cutting tax
2 replies 64 views
Norma21Norma21 Forumite
1 Post
Hello all, I'd be grateful for any help or advice on a CGT calculation is it's currently hurting my brain!

We have a flat, owned and lived in by us since 1990.  We moved out in 2003 since which time it has been rented out however the last tenant has now left and the time is right to sell.  We are trying to work out the CGT liability but are getting confused by PRR and lettings relief and if either of these apply how to work out the reduction.
The flat was purchased for £40k and looking to market for £150k.

Many thanks in advance  :) 


Sign In or Register to comment.
Latest MSE News and Guides

Did you know there's an MSE app?

It's free & available on iOS & Android


Regifting: good idea or not?

Add your two cents to the discussion

MSE Forum

Energy Price Guarantee calculator

How much you'll likely pay from April

MSE Tools