UK Landlord Forum / Life

Hi

I have a house which is currently rented and I am considering selling it.I just did some calculations and it seems the changes to the lettings relief will sting me but I want to make sure I have got my calculations correct. Details are:

I brought the house  for £33.360 on the 25th may 2001 left the house November 2014 and rented it from December 2014 till present day   I could sell for £190.000

But i spent £13000 on home improvements
And sales fees of £1800
So a Taxable profit of £141.840
I have lived in the house for 161 months plus with current tax laws im allowed 18 months on top of that so its 179 out of the 222 months i have owned the house .
If my calculations are right i should be entitled to 80.630 % of PPR so £114.365
So now i am left with £27475
I think so far i am correct
Now the next bit im not sure on is it £40.000 Letting relief or a percentage of the £27475 i have left to take into account
If it is £40000 then the bill is zero
So if anyone can throw some light on the Letting relief i would be grateful
Also the tax change states that you have to sell the house by April 6th 2020. So for example if i agreed to sell lets say start of December but there was a hold up on paper work by solicitors and it went past the April 6th deadline , would i be liable to the new tax laws or would i be ok as the process was started in December