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Posted Mon, 18 Nov 2024 22:06:06 GMT by SW_22
A property, which was the main residence of the married couple living there for over 10 years, was sold in 2024 but only one of them is the property owner in the legal document. May I know if the married couple would be treated as an entity that the CGT could be shared in this case? If yes, would it be 50% for each of them? Thank you.
Posted Fri, 22 Nov 2024 16:37:18 GMT by HMRC Admin 20 Response
Hi,
A married couple or civil partners can declare capital gains as a 50/50 split by default, regardless of the legal ownership share.  
The only other share that can be applied is the legal share of the asset.
Tax when you sell your home
Thank you.
Posted Sat, 23 Nov 2024 05:51:53 GMT by BellaBoo
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