I have transferred my share of a jointly held property to my ex husband post the year of separation.
The property was acquired for £183,000 and had increased to est. £350,000 on transfer. It was owned for 136 months. We lived there as our only residence for 43 months and it was rented out for the rest of the time.
I am completely confused about how to calculate the gain. I assumed I would calculate the total gain minus reliefs and split 50/50. I checked this with the tax office who stated it was correct. My ex husband is disputing this methodology. Can someone confirm the correct calculation here?
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