Before I met my wife she was living with her mother in a Council house. Her mother qualified to purchase it with a discount, so my wife got a mortgage and did so in 1990.
Her mother didn't work, but was joint mortgagee with my wife, who paid the mortgage. The house was covered by a Deed of Trust to protect both of them and their interests.
Around 1992 my wife moved in with me, but continued to pay the mortgage. Her mother remained living in the house rent free. We paid the mortgage off some years later.
The mother died in 2015 and my wife inherited her mother's 50% share. The house was then registered in my wife and my name. The house is now rented out.
What is my wife's (and my??) CGT position? We are planning to sell the house in a few years.
TIA
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