Cgt calulation

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    Cgt calulation

    Based on current regs: Gain £135,000 owned 28 years let 3 years ?

    #2
    Period as your "main residence" = 25 years plus 9 months after moving away is exempt for cgt.

    Period under letting = 3 years -9 months = 2.25 years .

    Taxable capital gain = £135K x 2.25 /28 = £10,850 which is below your annual capital gains allowance.= £0 tax.

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