CGT - Help

pope

Below is a calculation of my expenses. Could someone advise if this is straightforward something I could do my self? I have looked at the CGT government website and it says something about uploading supporting evidence does this have to be done?



Property purchase date 17 November 2017

Property exchange of contracts 24th July 2025

Property completion 24th July 2025

Property purchase price £121500

Property sale price £163000

Costs involved when buying  house

Stamp duty £3658

Solicitor fee £450 + VAT = £540

Surveyor fee £385

Mortgage arrangement Brooker fee £199


When selling house

Estate agent fee £2000 + VAT = £2400

Solicitors fee £750 + VAT = £900

Indemnity insurance £60

EPC £50

Anti money laundering fee paid to estate agent £60

My income from 6th Aprill 2025 to 5th April 2026 £7280 from benefits 

eskbanker

Did you live in the property for any or all of that time?

pope

eskbanker said:

Did you live in the property for any or all of that time?

No i have not

eskbanker

Hopefully you'll get one or more responses from those more familiar with the calculation of CGT on residential property, but based on my limited understanding, I believe that pretty much all of those costs can be deducted from the gross gain - the HMRC CGT manual is a good place to start:

https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg15250

The overview of how and when to report is at https://www.gov.uk/tax-sell-property

pope

A bit of guidance ounce I have completed the online cgt how will I pay the amount. Also will HMRC confirm with me that they are happy with what I have paid?

Sorry new to all of this never done cgt  before and don't think will ever need to do it again.

Thanks 

sheramber

pope said:

A bit of guidance ounce I have completed the online cgt how will I pay the amount. Also will HMRC confirm with me that they are happy with what I have paid?

Sorry new to all of this never done cgt  before and don't think will ever need to do it again.

Thanks 

https://www.gov.uk/report-and-pay-your-capital-gains-tax/if-you-sold-a-property-in-the-uk-on-or-after-6-april-2020