We have 3 properties in UK. Bought 1 in Feb 2000 and sold July 2007. The second bought in 1993 and selling now. Purchase price 40K and sold 124K plus renovation 20K. 2nd bought 38K and renovation 25K selling price 260K. We are UK citizens. With the proceeds we want to buy a house for 160K. How much CGT we will pay and how can we reduce the it.

You fucking greedy bastard. You owe it you pay it. Not content with depriving us all of affordable houses now you want to dodge tax thus increasing the burden for the rest of us.