Please help, need rough idea as planning to sell but will hang on to it if its not worth it in currewnt market as mortgage is covered but would love to release equity to reduce PPR mortgage...
Bought house Sept 1998 for 150Keuro, PPR till July 2004
Rented from July 2004 ( worth then I suppose 340K) till Jan 2008.
House and site beside it now worth about 600K ( site value on its own estimated at 200K if that matters..)
Roughly what is the CGT and how do you work it out, I cant figure out some of the OP's calculations, not great with maths...
Thanks
Bought house Sept 1998 for 150Keuro, PPR till July 2004
Rented from July 2004 ( worth then I suppose 340K) till Jan 2008.
House and site beside it now worth about 600K ( site value on its own estimated at 200K if that matters..)
Roughly what is the CGT and how do you work it out, I cant figure out some of the OP's calculations, not great with maths...
Thanks