Property News · May 2, 2022

How much CGT should I pay on a flat that I both lived in and rented out?


I’m not sure if I am also entitled for lettings relief for the two years I shared the property with a tenantQ I am struggling to work out what capitals gains tax I will owe on the sale of a property. I bought it in April 2007 for £250,000 and it was my only property. It was my main residence from April 2007 until Dec 2013. I then rented out half of the flat while I still lived there – from Jan 2014 until December 2015. In January 2016 I moved out and let the whole property, as I married and bought a house with my wife. If I sell the property for £400,000 in May this year what will I owe? Continue reading…

Source : theguardian.com
Read more…How much CGT should I pay on a flat that I both lived in and rented out?

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