CGT Improvement Relief Query

Hi there I recently sold a property that was my main home in 2015 but converted into a BTL unit from 2019 until disposal in 2024. In May 2024 I instructed major works in the basement - the entire level was removed back to stone and earth and replaced with new bathroom, flooring, wall coverings, doors, electrics, plumbing, lighting. I also replaced the ensuite bathroom upstairs. Total cost was £60K and works carried out over 12 weeks prior to sale. Would this count for improvement relief on my CGT bill? Many Thanks, Tom

Hi
We are not able to say if the work carried out is allowable or not,as we cannot give financial advice.  We can only point you to the guidance, so that you are able to make up your own mind.  Please have a look at CG15150 (Expenditure: introduction) onwards.  Private residence relief will apply for the period that the property was your main residence.  The helpsheet HS283 (HS283 Private Residence Relief (2024)) will explain how this is calculated.  There is a calculator at Capital Gains Tax to help you work out if there is a gain and contains links to allow you to report and pay the tax due online.