Capital Gains Tax

I bought my house when I was single in my name only. I got married 5 years later and added my wife's name as joint owner. Now I am selling the house, which is now a second home so liable for CGT. My question is do I pay the CGT as if it is just my asset (as I bought it just in my name) or do I treat it as a joint asset and each pay our share of the CGT due?

Hi,

As you added your wife, this is seen as gifting her 50 percent of the property. You are each therefore liable on 50 percent of any gain made. You can see guidance here:

Capital Gains Tax: what you pay it on, rates and allowances

Thank you.