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Jointly owned main residence

Answer
Stephen Douglas
Posted Wed, 09 Oct 2024 06:31:31 GMT by Stephen Douglas
Does a person who owns his own place of residence outright but wishes to sell it and buy a new main residence in joint names with his wife incur any tax liability?
Answer
HMRC Admin 20 Response
Posted Fri, 18 Oct 2024 08:36:13 GMT by HMRC Admin 20 Response
Hi,
If it has been your only and main residence for the whole period of ownership then no capital gains will apply when it is sold.
Thank you.

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