cgt query

[Herbs16]

Hi
Can someone help please with my camculation

A house was bought June 1990 for 90,000 Joint husband and wife.
-Husband dies July 2009 and wife continues to live in house until August 2010.
-Rented out from November 2010 to January 2019.
-Estimated sale price 280,000.
-Estimated value at probate £240,000.

Does CGT calculation simply start from July 2009 when she owned the whole property or do we have to go back to 1990?

Any idea on tax due

Thanks

[jerome.lane]

The wife’s base cost should be £165k being 1/2 of probate value on husbands death and 1/2 of original cost. Any other capital expenditure since husbands death can be added to this. The gain is therefore £105k or so. Approx 2/3 of this is relieved by principal private residence relief so CGT is due on around £35k less the annual exempt amount. CGT on £22,500 would be £6,300 if wife is a higher rate tax payer. This isn’t a definite and only a guide done on a mobile phone! You should get the computation formerly worked out since other factors (purchase and sale costs, other income and gains, etc) could affect the result.