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HM Accountax Ltd
HM Accountax Ltd, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 455
Experience:  I am an accountancy professional with more than10 years hand on experience in audit, accountancy and tax affairs.
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I have a CGT question re my house, no no, yes, how much will

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I have a CGT question re my house
JA: Have you talked to a tax professional about this?
Customer: no no
JA: Anything else you want the Accountant to know before I connect you?
Customer: yes, how much will this cost me, I wish to pay a one off fee and not a monthly sub
JA: The Expert's answer will cost $10 to $100, depending on the issue type and time to respond. You'll see the exact amount on the next page and can decide then. It's way less expensive and more convenient than any face-to-face visit.
Customer: Sorry is this the US or UK

Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.

This is an UK site. Is this house our sole of main domestic residence and is it let out?

Customer: replied 16 days ago.
Hello, yes its our only house
Customer: replied 16 days ago.
No I prefer to type
Customer: replied 16 days ago.
hello

If you dispose of your sole or main domestic residence then although there may be a CGT liability you are entitled to Private Residence Relief (PRR) which relieves CGT at 100%.

Customer: replied 16 days ago.
That does not answer my questioin
Customer: replied 16 days ago.
We have owned this house since 1995 built from new, we let it out for 3 years, I know that we will have a CGT bill and we are selling the house, I wish to know how much CGT we will have to pay
Customer: replied 16 days ago.
are you still there
Customer: replied 16 days ago.
Please reply or I will have to rate this call

Hi,

I am an advisor at JA and happy to assist you.

Could you please provide the following details:
Purchase price:

Selling price:

Purchase date:

Time lived in:

Time let out:

regards

HMAT

Customer: replied 16 days ago.
Hello, going down your list, £369K, £1.4 mil, 30th Nov 1995, 25years but let out for 3 years during that period

Is the house 100% owned by you?

Customer: replied 16 days ago.
by my wife and I

Are you & your wife basic rate or higher rate tax payer?

Customer: replied 16 days ago.
Basic rate

Please see attached very basic workings.

HM Accountax Ltd, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 455
Experience: I am an accountancy professional with more than10 years hand on experience in audit, accountancy and tax affairs.
HM Accountax Ltd and other Tax Specialists are ready to help you