Thank you for your prompt reply.
You are saying the likely gain on sale of this this property is £100,000.
Your chargeable gain after gains annual allowance of £11,100 will be (100,000-11,100) £88,900
Thsi will attract CGT at 18%, 28% or a combination of both depending on your taxable income including the gain in the year of sale.
If your taxable income before the gain is £31,785 or higher than the gain will be taxed at 28%
If your taxable income is say £20,785 then the first £11,000 of the gain would attract tax at 18% and the rest at 28%.
Worst scenario - CGT (88,900 x 28%) = £24,892
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.