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Capital Gains Tax when Joint Owners sell

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Author Topic: Capital Gains Tax when Joint Owners sell  (Read 401 times)

SKW2962

Newbie
Posts: 1

I like property
« on: February 15, 2019, 03:47:06 PM »
Help please, I'm trying to find out how to report CGT when there are two owners. None of the HMRC forms (SA108) seem to take this into account; they just ask purchase price, cost/deductibles, selling price, then calculate CGT on the total income of whomever is competing the form. If only one of us files the CGT will be about £13k, instead of separate liabilities of about £4.5k.  Has anyone been through this quagmire that can help?

theangrylandlord

Global Moderator
Hero Member
Posts: 511

Permanently stressed out
« Reply #1 on: February 17, 2019, 01:24:23 AM »
You each have to file CGT separately based on your share of the gain.

FORZA AZZURRI

Newbie
Posts: 8

I like property
« Reply #2 on: May 21, 2019, 11:08:44 PM »
Decided to sell one of my lets,
There will be around 30k in CGT to pay
It's in my sole name at the mo, but if I  add my wife to the deeds now and say it sells in the next 2 months
Will there be any issues 're the buyers solicitor and the date of the deed that's changed within a short space of time?
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