Laurajane101

I rang HMRC this morning and the really helpful person I spoke to has answered the question.

Feedback .

I am due to sell an house soon if things go ahead and my CGT gain of around £100,000 will create a CGT bill of circa £20,000 with the majority being taxed at the higher rate of 24%. My income moving forward will be circa £26,000, if I open a new pension fund, how much can I offset the sale of the properties CGT to reduce the rate to 18% please.

Ok thank you

I am selling my buy to let residential property in this tax year (it’s under offer) and if things gonahead with the sale as expected, will be paying the CGT owed within the 60 day period. As my tax code for the year includes the tax I usually pay monthly, how do I change this so I am not paying the tax for the income the property usually generates as it will now be sold. I pay roughly £150 a month so clearly want this back in my pocket rather than get it back in a years time after I’ve completed my return for April 24- April 25. Thanks in advance