capital gains on sale
Tax Planning and Financial

0 Thanks
6 Posts
15 years ago
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?


Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.