hi,
I have lived in my home for 3 years now and previously had it rented to tenants for 10 years. Can anyone tell me what my CGT liability would be if I was to sell? Is it calculated on 10/13ths of the capital gain (taking the 50% reduction into account) or is there any exemption as I have lived in the house for the past 3 years?
Any info would be greatly appreciated.
timwr
I have lived in my home for 3 years now and previously had it rented to tenants for 10 years. Can anyone tell me what my CGT liability would be if I was to sell? Is it calculated on 10/13ths of the capital gain (taking the 50% reduction into account) or is there any exemption as I have lived in the house for the past 3 years?
Any info would be greatly appreciated.
timwr
