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Posted Mon, 08 Apr 2024 17:49:49 GMT by Fredddy
During marriage spouse sold her second home which was solely in her name. Does her now ex partner have any exposure to Capital Gains Tax if the sale proceeds were paid into his account during the marriage? Thankyou
Posted Wed, 17 Apr 2024 14:55:27 GMT by HMRC Admin 5 Response
Hi 

No.  Only the beneficial owner of the property, in the case, the spouse, is liable to capital gains tax on the disposal of the second property.  
What the beneficial owner does with the proceeds of the disposal, after capital gains tax is paid, is not a factor in calculating the capital gains on the disposal.

Thank you

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