Capital gains tax on buy to let?

[tight fart]

If you've made say £100k over 10 years on a buy to let property, is the capital gains tax liability calculated only on the year it's sold, or do you add up 10 years relief ?
I think you get roughly £10k a year exemption so is it likey that you wouldn't pay any, or little?

[LC23]

You only receive the cgt annual exemption from the year of sale. Unused annual exemptions do not roll over year to year.

[tight fart]

Thanks

[Eric Mc]

Are you the sole owner?

Did you have any capital expenditure on the property over and above the original purchase price (i.e. Enhancement Expenditure)?

[tight fart]

Joint with the Wife, not spent much on it over the years, it's funny, property hasn't done that well in the last 10 years where the house is, my man maths had hoped we'd get back our money and maybe a bit for our effort.
Then this morning I get an email with sold prices for the area and next door has just made £100k more than I thought it worth.
Now I'm worried about capital gains it's a funny old world.

[Eric Mc]

As it's jointly owned, the gain will be split 50:50 with the Mrs and you will both be able to make use of the £11,000 annual Capital Gains Tax allowance for offset against your shares of the gain.

Are you higher rate taxpayers based on your annual earnings?

[davidc1]

Just had a bill for 6k for the same....
Bitter pill , but hey ho...