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Posted Tue, 21 Nov 2023 17:35:32 GMT by
I bought a property jointly owning 50% in 2005, then bought out the other 50% share in 2012, whilst still living there up to that point. I then moved out and let the property, until selling it recently. How do I report that online. Should I make 2 different entries for each 50% share, since the purchase dates were at different times? The online process doesn't offer me the option to say I purchased shares of the property on different dates.
Posted Wed, 22 Nov 2023 13:30:02 GMT by HMRC Admin 10 Response
Hi
No, you will just show the one and owning 100% of it.
Your cost price will be the price for the 50% you originally paid and then the price for the other 50% in 2012.
Posted Wed, 22 Nov 2023 13:49:58 GMT by
The problem is that the online form doesn't allow me to enter this split, so what should I do?
Posted Wed, 22 Nov 2023 13:51:15 GMT by
should I just be summing to the 2 amounts?
Posted Fri, 24 Nov 2023 08:42:24 GMT by HMRC Admin 25 Response
Hi muki1,
You will show that you own 100% of the property and your cost/purchase price will be the amount you paid when you first bought the property and also the amount you paid to buy out the other owner.
Thank you. 

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