Carolaj
Joined: 8/10/2024
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CGT on mixed use property
I’m selling a mixed use property which has been my permanent residence. It is a flat above a dance studio. How is the CGT tax worked out on it. Is it by percentage or value of flat. Flat was valued at £210,000 and sale is £393000, but I estimate the % split is more like 35% in area. Also I’m being paid on deferred amount, £193,000 now, £50,000 in 3 months and rest in two years. Thank you