saving advice needed

eskbanker

kooboy said:

GrumpyDil said:

And as you are selling a rental property assume you are aware of the requirement to pay CGT on the increase in value.

Yeah, I'm asking advice on how to save on CGT.. 

https://www.gov.uk/tax-sell-property/work-out-your-gain explains what can legitimately be deducted from the gross gain to reduce CGT liability, but it'll still be pretty substantial if the property's value has more than doubled during your ownership.

dingling68

kooboy said:

GrumpyDil said:

And as you are selling a rental property assume you are aware of the requirement to pay CGT on the increase in value.

Yeah, I'm asking advice on how to save on CGT.. 

Don't forget the gain will need to be reported online to HMRC and any CGT paid within 60 days of completion of sale

https://www.gov.uk/tax-sell-property