CGT on sale of flat


J

Juliet

I bought a flat to live in back in 1992. Upon getting
married 6 years later my husband and I bought a house that
is our current family home but I still kept hold of the
flat. I started renting the flat out about 4 years ago but
when my tenants left recently I decided to put it on the
market. The flat has only ever been in my name, our current
house is in mine and my husband's name.

Can anybody tell me what my CGT position will be on the sale
of the flat. I'm assuming that I won't be eligible for PPR
as it hasn't been my principal residence for more than 5
years.

Any info you can give me to avoid/minimise the CGT bill will
be greatly appreciated.

Regards

Juliet.
 
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