My Wife is part owner of a property she shared with her ex until 6 years ago. It’s about to be sold.
I own the house we currently live in as I bought it before we married. (That’s not a big deal and we’ll probably organise joint ownership in the not too distant future.
The house she and her ex is selling was purchased for £29,950 in 1989. An extension was added which cost £6000. The house will sell for c. £140k.
Will she end up paying full CGT on her part of the sale or will this be pro-rated for the 6 years she hasn’t lived there (out of 30)?
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