Holiday home equity

We have a holiday home but are not married. The house was bought in my partners name as I had bad credit at the time but the purchase was on a 50/50 basis and if the house was ever sold we would each get 50%. If we sell and pay the CGT due do we then take half the cash each without incurring any other taxes? Or do some other rules likely apply?

Hi CGTNewbe123,
You will be liable to Capital Gains Tax on your share of the profit.
No other taxes apply.
Thank you. 

 

Many thanks.