My sister & I inherited a property 20 years ago, it was in our joint names. It's been let out ever since so neither of us have lived there. We have just completed selling the property so I'm trying to work out my CGT.
For CGT, can I split my 50% of the gain between my wife and myself so we each declare a gain of 25%? That way we'd get to use both of our allowances. We have been declaring the rental income as equally split between us, so it seems reasonable to me to consider the capital gain the same way.
Thanks for any advice.
Andy
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