Hello
I would really appreciate some CGT advice on the sale of my property please.
Here are the key facts as I see them:
• 31/05/2007 – net purchase price after stamp duty & legal fees: £157,702
• 19/09/2016 – net selling price after estate agents fees & legal fees: £216,916
• Gain = £59,212
• The property is jointly owned with my wife. We did not own any other properties during the period 31/05/2007 to 19/09/2016
• The property was let between 09/11/2013 and 09/03/2016
• I was on an overseas secondment with my employer between November 2013 and November 2015 (hence the reason why the property was let)
• We did not move back in to the property after the tenancy ended as it was put on the market for sale. We stayed with family during this time
Does anyone have any thoughts on whether we lose full Private Residence Relief due to the period of absence highlighted above?
If so, can I please have a CGT calc. Hopefully there won’t be any gain after PRR, letting relief and our annual allowances.
Many thanks
Matt
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