capital gains on sale

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swainston_904
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hello,, i have owned and rented out a property for about 6 years and now wish to sell..

The original purchase pricve was 78,000 and is now worth approx 150,000

How much capital gains would i be liable for is i sold for this price?

150,000 - 78,000 = 72,000 profit....

So do i just deduct 20% capital gains from The 72k which leaves 57,600 profit?

help?
thanks

14/04/2009 00:00

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