My wife and I bought our property for £51,000 in December 1990 and lived in it until 2006
In 2006 we let it out until 2016, then in 2016 we moved back in.
In effect we lived in the property for 18 years and rented it out for 10 years
We are now selling the property for £150,000, so there is a capital gain of some £99,000
We are aware that we are each entitled to the yearly £12,000 CGT exemption, and also to further CGT exemption allowances relating to the years we lived in the property, and to letting allowance, but are unclear on the amount of these latter two allowances. Any guidance on calculating the two additional allowances would be greatly appreciated.
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