I am hoping someone can help me please? I am trying to see if I need to pay capital gains tax on a previous shared ownership property that was my home from April 2003- Aug 2016. Rented out from Aug 2016-Sept 2019.
BACKGROUND:
A 50% share brought in April 2003 for £62250
25% share brought in 2010 for £30000
25% brought in 2015 for £25000
Total -£117250
Sold in January 2020 for £11500 so a loss of £2250. Despite the loss, am I calculating the capital gains on the total I paid for the property (£117250) or the original price I paid (£62250), which would be a gain. The reason I ask this is the land registry only shows the original purchess price in 2003 and the sold price in 2020
Any help would be much appreciated
thank you
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