Paying CGT on selling house

J

Jordan Belfort

Registered User
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105
Currently selling a house that was PPR for a number of years. I think I have the calculations correct including that the year after I moved out can be one more year of PPR and so reduce CGT that bit further :)

I have a couple of questions maybe someone can help me with
1. Do I just calculate the CGT liability now and pay it by 15th December this. Then file a CGT return with my form11 next year?

2. Do I need to attach any calculation to the CGT return or just enter the numbers and have the calculation ready should there be any follow up?

3. I don't have the solicitor receipt for original purchase. I think I will take my chances and file an estimate. What would be a good estimate of fees to purchase a 3 bed semi in 2003? Were they typically fixed amounts or a % of the purchase price. There are no bank records and the solicitor has closed their office.

4. Apart from solicitor fee would there typically be other fees during purchase that might go against CGT? Land registry ? Homebond ? etc etc

Thanks
 
As a point of correction, the year after you moved out is not added to one more year of PPR, it is the last year of ownership that is added

1. Correct on both counts
2. No, just keep a record in case they come looking
3. No idea - but it seems odd that there is not a record in the papers (deeds, etc) associated with the house
4.
 
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