Capital Gains Tax Question

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    Capital Gains Tax Question

    Hello Gurus

    I have what I hope is a simple question.

    I purchased a property in November 2010 for 225k
    I lived in it until July 2012 and spend 30k renovating.
    Since then it has been let out whilst I have been away on business.
    I now wish to sell the property for 450k.

    How do I work out my CGT liability?

    Thanks!

    #2
    Read HS283 on the HMRC web site. If it was genuinely you home and only home then PPR would exempt you form any CGT liability. Regards Peter

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      #3
      Thanks a lot!

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        #4
        That looks fantasic - 100% gain in 3 years ?

        Where is the location and what type of property did you buy ?

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