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Where Taxpayers and Advisers Meet

House sale

kanrent
Posts:134
Joined:Tue Dec 16, 2014 8:20 am
House sale

Postby kanrent » Fri Aug 02, 2024 1:48 pm

Hi I'm selling my rental property, after expenses are taken out my capital gain will be £100, 000.
My annual income in the year that it will be sold will be £15, 000.
Can anyone tell me how much CGT I will have to pay?
TIA

bd6759
Posts:4352
Joined:Sat Feb 01, 2014 3:26 pm

Re: House sale

Postby bd6759 » Fri Aug 02, 2024 11:22 pm

Roughly 35k at 18%
Balance at 28%

kanrent
Posts:134
Joined:Tue Dec 16, 2014 8:20 am

Re: House sale

Postby kanrent » Sat Aug 03, 2024 5:21 am

So that will amount to £24,500 to pay is that correct

AGoodman
Posts:1848
Joined:Fri May 16, 2014 3:47 pm

Re: House sale

Postby AGoodman » Thu Aug 08, 2024 10:10 am

Closer to 23,500 as you have a £3,000 CGT exemption as well.


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