Work out your gain
Your gain is usually the difference between what you paid for your property and the amount you got when you sold (or ‘disposed of’) it.
2010 Paid £475,000 for 100% and occupied as main residence
2021 Transferred 45% equity as a gift to parents and moved out as main residence, parents lived there as main residence
2025 Sold £775,000 for 100%
2025 55% of £775,000 = £426,250
Main residence 12 years
Non residency 4 years
Is mine a loss, as I paid £475,000 and gained £426,250 so no CGT due?
Or does the gift somehow get included in my gain, and if so, how may I calculate my gain to use for the Private Residence Relief calculations?
How would my costs be included when I have paid 100% of the initial charges and how to calculate the improvement costs?
Does being domiciled abroad or tax resident abroad make any difference to the calculations?
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