After the deaths of two parents this year my wife and I will have shares of two properties to pay CGT on next year.
On the first which I already owned as a 50% tenant in common, I gifted 25% to my wife.
My wife is a 25% inheritor of the second under her mother’s will (I dont have a share in this one).
My wife has no income, I have a small pension and receive a dividend from a close company though there may be no dividend in the year of the house sales. I usually pay tax at the top end of the basic rate tax band. I can crystallise some losses on shares to offset against CGT and possibly make an allowable employee contribution to my SIPP but is there anything more we could consider, other than staggering the sales across tax years which I don’t think will be possible.
Thanks
T
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