Hi
I recently sold a holiday home that I built in 1998. The cost of building was £78000 including the land. The sale price is €105,000. Solicitors and auctioneers fees came to €4000. I am married.
so my CGT calculation would be (or am I missing something)
Buying price €99000
Selling price €105000
Liable Gain €6000
Less selling
exp of 4k €2000
And taking into account the CGT allowances for a married couple it looks like i don't owe any CGT - is this correct?
As always many thanks to AAM.
Penang
I recently sold a holiday home that I built in 1998. The cost of building was £78000 including the land. The sale price is €105,000. Solicitors and auctioneers fees came to €4000. I am married.
so my CGT calculation would be (or am I missing something)
Buying price €99000
Selling price €105000
Liable Gain €6000
Less selling
exp of 4k €2000
And taking into account the CGT allowances for a married couple it looks like i don't owe any CGT - is this correct?
As always many thanks to AAM.
Penang
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