capital gains tax

My client owns two properties. One (property 1)  bought 17 years ago, lived in for six months and then rented out.

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Hi

I would like others thoughts on an issue I have.

Property owned for 22 years and recently sold.

Basically lived in for 2 years at purchase = MAIN RESIDENCE RELIEF

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The government has published draft legislation that will shorten the final period exemption for CGT relief on primary residences from April next year. 

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The government has announced two important changes to capital gains tax (CGT) in the Autumn Statement 2013:

1. Private Residence Relief (PRR)

The Autumn Statement (formerly known as the Pre-Budget Report) for 2013 will be provided by George Osborne on Thursday 5 December 2013.

George Osborne, they say, is considering charging capital gains tax (CGT) on the sale

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Hello,

Could someone please help me with how I go about calculating the gain made on the sale of an outbuilding with land which was attached to my rental property?

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