Question on CGT second property

Cobbler_tone

My friend just sold a second property with no allowances. He paid his CGT immediately.
I wanted to do the same but lived in my property for half the time and claiming lots of home improvements with associated evidence. Mine says 0% to pay and in review.

Does anyone know how long this review takes and if this is a standard process? I know what the figure should be.

Thanks

Bookworm105

impossible to say how long it will take HMRC, they have a workload "problem" 

Cobbler_tone

In answer to my question...it took them 3 days (including the weekend), so paid it off this morning. Pretty slick.

They may well come back in 5 years time with a bill! 

Bookworm105

Cobbler_tone said:

They may well come back in 5 years time with a bill! 

depends if they decide there is enough potential tax at stake to justify investigating your "lots of home improvements" any deeper than already done .
It would appear not 

Cobbler_tone

Bookworm105 said:

Cobbler_tone said:

They may well come back in 5 years time with a bill! 

depends if they decide there is enough potential tax at stake to justify investigating your "lots of home improvements" any deeper than already done .
It would appear not 

I claimed on around 50% of the gain. Half of it from residential relief and half from improvements over a 20 year period as occupier and landlord. There was £6k of it from 2002 that I didn't have evidence for but listed it on the spreadsheet. Everything else had full detail and associated receipts.  Maybe in the scale of things I am a very little fish and absolutely nothing 'dodgy' in terms of anything claimed. I'm £8k lighter anyway.