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CGT on sale of jointly owned property with sibling (not main residence and never rented)

Answer
Dominika Souter
Posted about a month ago by Dominika Souter
When calculating CGT on the sale of a property I own jointly with a sibling, do we split the profit after allowable deductions and submit to HMRC separately? Is the £3K tax free allowance applicable to each party or do we split that?
Answer
HMRC Admin 32 Response
Posted about a month ago by HMRC Admin 32 Response
Hi,
For guidance on Capital Gains tax on property, please see this link.
Tax when you sell property
Thank you.

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