CGT on sale of second property

Hi, I have sold a property which I rented out long term let, I have never used it as my home. I need to pay CGT on the profit but have not got round to it as I am unsure exactly how much I need to pay, How do I work it out? Thanks.

Look here - https://www.gov.uk/report-and-pay-your-capital-gains-tax That will walk you through the computation You will need details of: A - Sale price and costs of sale (estate agent and solicitor) B - Original purchase price and associated costs of purchase (solicitors etc) C - cost of any improvements to the property D - an estimate of your income for the year A - B - C is your gross gain D will set the rate of tax Follow the walk through on HMRC system and it should get you there, or ask an accountant

Hi Geezerbloke

Please refer to guidance here Tax when you sell property.

Any gain on a UK residential property must be reported and paid within 60 days.

Thank you