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Where Taxpayers and Advisers Meet

Calculating CGT on Sale of Jointly Owned Property

ck_uk
Posts: 8
Joined: Wed Jun 10, 2015 4:17 pm

Calculating CGT on Sale of Jointly Owned Property

Postby ck_uk » Tue Jan 03, 2017 9:28 pm

Hi, just been using the HMRC website to calculate CGT for the sale of a property which was jointly owned by my partner and myself. I was expecting it to cater for joint ownership, and that I would be paying tax on my half of the gain. However there is no provision for this and it assumes that I am the sole owner and therefore liable to tax personally on the whole gain?

https://www.tax.service.gov.uk/calculat ... roperties/

pawncob
Posts: 4372
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: Calculating CGT on Sale of Jointly Owned Property

Postby pawncob » Wed Jan 04, 2017 1:28 pm

For most joint owned property the gain would be equal, so just divide it by two.
With a pinch of salt take what I say, but don't exceed your RDA


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