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Posted Sat, 21 Oct 2023 14:36:49 GMT by Anne Kellett
We have just sold a rental property where 4 names are on the title deeds but only 2 people have received profits from the rental. are all 4 liable to CGT or just the two who received the income
Posted Wed, 25 Oct 2023 13:41:48 GMT by HMRC Admin 32 Response
Hi,

The legal owners of the property are those named on the title deeds, they may not, however, be the beneficial owners of the property. It is the beneficial owners who would be subject to Capital Gains Tax.  

Have a look at:

Factsheet: beneficial ownership

Thank you.

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