CGT on Sale of rental property between a son and his parents

I am completing a capital gains tax from for my mother and father after they sold me their rental property. They originally purchased the rental property from my brother (this was his main residential home). Please would you let me know if the following CGT calculation is correct: Property purchased 2000 - £50,000 by Son. Residential home, lived in the property did not own any other property. Property sold to father/mother jointly owned 2010 - £30k as a buy-to-let. (est MV £70k) Sold to other Son for £70k 2024 (est MV £90k). CGT due treatment per owner. Purchase price 50% 2010 - MV £35k plus 50% purchase legal costs. Sold MV 2024 - 50% MV £45k plus 50% selling costs CGT due per owner - £10k less allowance £3k * 18% as in the basic band equal £1260 each?

Hi,

On this forum we can only point you the direction of the guidance, so that you can review the information to allow you to make an informed decision. You can see guidance here:

Report and pay your Capital Gains Tax

Thank you.