Capitol Gains Tax question
Can anyone help me please?
I have a property that I bought in 1986 for £3,000.
I lived in it as my main residence until 1997.
Since then I have rented it out and paid tax on the rent.
I would now like to sell and I expect to get approx £85,000 from the sale.
Can anyone tell me how much CTG I will be liable for.I understand that there have been major changes made that will take effect from April 08.
Any advice greatly appreciated.
Thanks
pam