Capital Gains Tax

[Scarlett]

I am a few years away from selling my house, but when I do, I will need to pay capital gains tax. I could do with some help with this as I know nothing. I'm trying to work out what would be considered a capital gains expense, that can be offset against the tax. Does anyone have any experience of this?!

[Buenchico]

If the house is your main residence, you won't need to pay CGT. 

Otherwise, start here:
https://www.gov.uk/tax-sell-property
(Click 'Work out your gain').

[Scarlett]

Buen, thank you, I did try this. But came unstuck when it came to listing the expenses. They are really woolly about explaining what you can and can't include. 

[brainiac]

This might help:

https://www.which.co.uk/money/tax/capital-gains-tax/capital-gains-tax-on-property-aUvSS1P7cdEV

[Scarlett]

Thank you Brainiac!