by jen15 on Fri Dec 30, 2011 9:25 pm
Hi,
Can someone please let me know what CGT I would owe after I sell my house which has been let out?
Profit on sale of house after deduction of buying & selling costs £65,700 (hope to complete late Jan 2012)
CGT allowance to come off this figure.
Will my personal tax allowance come into this? If so, it is £7,475
I am unemployed and have received no income other than the rent this past year.(600 a month gross)
I know there are two bands of CGT but I don't know how to work it all out and in what order.
Any help would be appreciated - thanks
Jen