Wife bought a house on 26/5/92 for £25000 and incurred £500 legal fees.
She sold it exchanging and completing on 31/3/08 for £58000.
There has been aprox £3750 spent on enhancements over the years.
She lived in the house for the first 3 years, then has let it out ever since, latterly to her father.
Could any tell me what tax would be payable on this if any. I did read somewhere that any gain on a house that has been used as a main residence in part is except for the first £40000 of gain.
Thanks in advance.
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