Yet another CGT question

[barchetta_boy]

I need some advice on CGT.

I have a flat that was purchased in 2007. I lived there until Jan 2009 and then let it out. I am selling it and hope to complete this month. Am I liable for full CGT or can I get any private residence relief?

I am a basic rate taxpayer. I have been married since June 2010 and my wife has no income.

Thanks.

[barchetta_boy]

It is all in my name. Could it and should it be transferred to my wife's name, or now that I have instructed solicitors re sale is it too late?

Many thanks.

[barchetta_boy]

Thanks all. Gains are as follows:

Received: £540,000
Cost of property: £312,000
Allowable costs (stamp duty, improvements, agents/sols fees): £36,310

Taxable gain: £191,690

Bought April 2007
Months as primary residence: 24
Months let out: 66

Thanks again for all help.