Hi Marshmallow, your calculation should be (figures made up):
Sale Price: 255,000
Less:
Auctioneers fee: 3,500
Solicitors fee: 1,500
Net Sale Figure: 250,000
Less:
Purchase Price £135,000
Solicitors fee: £1,000
Purch cost: £136,000/.787564 = Eur172,684 * 1.212 = 209,293
Gain: 40,707
PPR Relief:
Period of ownership = Feb 99 to Aug 2010 = 138 months
Period of occupation = Feb 99 to Dec 2006 = 94 months + 12 = 106 months
PPR Relief = 40,707 *(106/138) = 31,267
Net profit = 9,440
CGT relief X 2 = 2,540
Chargeable gain = 6,900 @ 25% = 1,725
You must insert the correct figures for solicitors and auctioneers fees and stamp duty if paid. Also I have assumed you bought/rented your next home in December 2006, change the figures to reflect the actual month you bought your next home (not the month you started renting the house out, you cannot have 2 pprs).
Sybil