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Capital Gains Tax when Joint Owners sell

Started by SKW2962, February 15, 2019, 02:47:06 PM

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SKW2962

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

You each have to file CGT separately based on your share of the gain.

FORZA AZZURRI

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?