Property CGT Tax

Money_Monkey

Hi, I am looking for a bit of understanding with regards to CGT Tax on a property I am considering selling.

I bought the property for £300k (includes buying costs) in 2011 and lived there until 2016 when I got a "let to buy mortgage" where I took some money and bought a new house which i moved into and rented this one out.

I am now thinking of selling the BTL property at the current market price of £500k (includes selling costs)

Is the total taxable gain 500k-300k = 200k or is from when I rented it out (when it valued in 2014 at £400k)?

Thanks in advance.

p00hsticks

Neither - the starting point is the gain between buying and selling, but you then get PPR relief for the proportion of time you lived in it plus an additional 9 months, and you can also deduct buying and selling costs.  You need to work out the timings of residence compared with ownership in months. 

There is a calculator on the gov.uk website here
Tax when you sell property: Work out your gain - GOV.UK