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capital gains on sale
Tax Planning and Financial

swainston_904
swainston_904
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6 Posts
15 years ago
0
hello,, i have owned and rented out a property for about 6 years and now wish to sell..

The original purchase pricve was £78,000 and is now worth approx £150,000

How much capital gains would i be liable for is i sold for this price?

£150,000 - £78,000 = £72,000 profit....

So do i just deduct 20% capital gains from The £72k which leaves £57,600 profit?

help?
thanks

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