Thank you for your reply. As the sale price of £325,000 was on 20 June 2008 after I had lived there for 14 months should the gain be calculated on the Market Value of the property when I moved in on 13 April 2007 which would not have been £325,000 but £254,012 according to Land Registry calculation? After 13 April 2007 it was my only property.
Just one last question: Is the Annual Exempt Amount for each year of ownership or just a 'one-off' allowance as you indicate. Thank you.