Cgt calc , tax due

[Herbs16]

Hi Forum
Can anyone help me please?

Property purchased April 1988 for £32000
Lived in as PPR then rented out 25 Oct 09 to 6 April 16, empty until sold on 15 Sep 16 for £186000
Agents and sols fees £1551.

Basic rate taxpayer, sole owner, any idea on tax due please?
many thanks

[Peter D]

Yes None.

Purchase 32,000 14/04/1988
Disposal 186,000 15/09/2016
Total Gain 152,449
PRR 123,390 276 341
Capital Gain 29,059
Lett Relief 28,917 Qual Days 1969
Net Gain 142
CG Allow 11,100
CGT 0 0

Due to PPR and letting relief there appears to be no CGT Due. You need to declare your actual income in the year of disposal and any SDLT you had to pay on purchase.

Regards Peter

[Herbs16]

Thanks,
Where did the 276/341 come from and the qual days of £1969
Appreciate your help

[Peter D]

341 is your period of ownership and 276 is your period of occupancy in months.
The Letting relief is in days not pounds.. It is the actual number of days not including the the last 18 months.

Regards Peter