Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Wed, 13 Sep 2023 14:42:54 GMT by llyD23 Dumont
If two people buy a house jointly (50-50), but they both pay for individual capital expenses and one ends up paying for more than the other, can we work out the gain based on actual amount spent (on capital expenses) or would total (capital) expenses need to be split 50-50?
Posted Thu, 21 Sep 2023 08:42:20 GMT by HMRC Admin 20 Response
Hi llyD23 Dumont,

Capital Gains is calculated on beneficial ownership so if you were 50/50 joint owners then the Gain and allowable costs would be declared on a 50/50 basis.  

Thank you.

You must be signed in to post in this forum.