Help with CGT on Rental Property & PPR

NorfolkBroadly

Hello. I'm hoping someone can cast their eye over my calculations and reassure me they are correct, before I finalise them on HMRC? I have got myself rather confused with the PPR portion of the declaration.

	MONTHS
Total Length of ownership	344
Length of Tenancy	134
Ownership Minus Tenancy (Main Residency)	210
Main residence Div by Total	0.610465116

My understanding is that I now use the 0.61 figure to calculate the amount of CGT payable on my share of the property, which is 132.5k, giving me an exempt amount of 80,825?

Is that correct? I'm wary of inputting the wrong figure and ending up with a massive bill when I put in my self-assessment at end of tax year.

Thanks for any help you can provide me.

silvercar

Given it was at some point your main residency, you can also include the final 9 months of ownership as being exempt, if your PPR doesn’t already cover that time. You also have a CGT allowance of £3,000 if not used elsewhere.

sherlock228

your arithmetic is correct based on the info you have provided.
as previous post, did the tenancy period include the final 9 months? If you then reduce 134 and increase 210 by the relevant amount
one assumes 132.5 is mathematically the % of the gross gain reflecting your ownership share and thus the basis on which your CGT is calculated.