Please help with a CGT Calculation

[abi002003]

Hi, Can somone please help me with the cacultaion of how much CGT I will have to pay.

Joint property Property Purchase £45000
Sold Price£- 120000
Solicitors Fee etc - 2500
Lived in property for 9 years before moving to a new property I purchased.
Property had been rented for the past 9 years
My income as a employee (PAYE) gross- £31000
Wife's income- £0

Thanks In advance guys.

[Peter D]

Zero CGT due to PPR, shared ownership and Letting relief But please supply all the dates so I can be sure. Regards Peter

[abi002003]

Peter,Thank you so much for the response dates are as follows

Property purchased April 1998
Lived in the property until Nov 2007
Rented from Nov 2007 until Feb 2018
Sold March 2018

[Peter D]

Still no CGT but you must report the sale to HMRC.

Purchase 45,000 14/04/1998
Disposal 120,000 14/03/2018
Total Gain 75,000
PRR 41,912 133 238
Capital Gain 33,088
Lett Relief 33,253 Qual Days 3225
CG Allow 22,600
CGT 0 0
CGT 0 0

CGT Bill 0

Regards Peter

[abi002003]

Thank you so much for taking time out to respond much appreciated.