Hi, hoping someone can advise. I jointly own a property with a relative ( a good idea at the time - not so now ! ) On purchase we put equal amounts in regarding equity. Now the equity in the property is 75/25.
We are looking to part waves. . The property purchase was 150k and now MV is 190k. Is the CGT payable on 20k ( 190k - 150k divided by 2 ) or 75% / 25 % of 40k depending on who buys out who ?
Thanking all contributors in advance.
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