Question about Capital Gains Tax

L

living

Guest
Hi,

Just wondering if anyone can help out with the following question....
For a property that was bought outright in 1969 and has for the past 15 years or so been rented out, what would be the situation with CGT if it were to be sold today? ie: how would CGT be calculated?

Thanks!
 
See - scroll down for info about indexation and CGT. For more on CGT see the [broken link removed].
 
CGT

Ishmaels CGT calculator on the main menu of this site provides a reasonable estimate of CGT payable, however clarity will be required regarding any enhancement expenditure, acquisition and disposal costs in relation to the property and also detail of any periods of owner occupation, a market valuation for the property at 6th April 1974 will also be required.

It is essential to contact a professional ( accountant or tax advisor ) prior to submitting any assessment / detail to the inspector of taxes.
 
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