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CGT on separation of jointly owned property.

Answer
Jonnyhotdog Williams
Posted Sat, 07 Dec 2024 11:35:31 GMT by Jonnyhotdog Williams
My sister and I jointly own two properties, we want to separate them and own one each. Is the CGT due on the transfer of 50% of each property 50% of the increase in value since we inherited the properties?
Answer
HMRC Admin 18 Response
Posted Wed, 11 Dec 2024 10:57:13 GMT by HMRC Admin 18 Response
Hi,
Yes, if they have not been your main residence. See guidance at:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.
Annette White
Posted Thu, 19 Dec 2024 18:17:20 GMT by Annette White
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator.

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