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Where Taxpayers and Advisers Meet

Complicated Cpital gains case

venture53
Posts:14
Joined:Thu Jun 16, 2011 12:56 pm
Complicated Cpital gains case

Postby venture53 » Fri Feb 23, 2018 12:51 am

Could somebody please help with the CGT calculations on a converted property. The house was bought in 1985 for £90,000. It was the main residence initially and then converted into three flats in 1992 and rented out. The property has been rented out since 1992. The individual flats are now each worth £160,000 approx. If they are sold now, what is the CG and how is it calculated using any reliefs or indexation. Thanks for your help

wamstax
Posts:2019
Joined:Wed Aug 06, 2008 3:39 pm
Location:Operate Nationally but based in Aberdeen
Contact:

Re: Complicated Cpital gains case

Postby wamstax » Fri Feb 23, 2018 9:31 pm

You e already posted this somewhere else
regards and hope this helps
http://www.wamstaxltd.com
Operates Nationally with competitive costs
and email and phone contact (mob 07751720507) can be obtained from websites


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