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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 1517 times)
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?
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.
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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