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Posted Sat, 22 Jul 2023 12:11:15 GMT by STEPHEN BAKER
Two questions please Can my wife and I split the possible CGT even though the overseas property is solely in my Wifes name? as the property was a new build with various stages of payments over two years. What date is used for the exchange rate.
Posted Mon, 31 Jul 2023 14:01:22 GMT by HMRC Admin 5 Response
Hi

If the property is jointly owned, you can split the capital gains 50/50.  
As your wife is solely, the legal and beneficial owner, that split is not allowed.  Your wife will be liable for all the capital gains. You can find guidance here
CG10720 - Persons chargeable: beneficial owner

Thank you

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