CGT

[andylad303]

we bought a house for 23k in 1985 and it was our main residence for 22 years , we then bought another house which has now been our main residence for the last 15 years. My previous house is now worth 150k and has been let out to a friend for the past 15 years. If I was to sell my first home what CGT would I need to pay as I was under the impression that if it was formerly my main residence then the amount of time I lived in it is taken into consideration when calculating CGT? Thanks

[pawncob]

The gain would be time apportioned, so (it's done monthly) c273/432 of the gain would be exempt. (inc. additional 9 month exemption)