Hello, I'm Keith and happy to help you with your question.
Did you ever occupy this property, if so for how many months?
For how many months did you own this property?
Did you ever let this property, if so for how many months was it let?
Once I have this general background data I can proceed to respond you your query.
I bought the property in 1996.
I lived in the property until January 2012.
I let the property out from April 2012 until May 2014
I sold the property (completion) March 2015
I pay high rate tax
The profit was £101,000
did you get my responses?
You said you made 101K, 10% of that is 10K, well within the AEA. Sorry, I failed to note that you had told me the actual gain. There will be no CGT to pay on your disposal.
Thank you for your support.