Capital gains tax on a house sale in joint names

Hi How do i report on a house sale in joint names . Do we have to do two reports in both names ?? the house was brought for £150k and sold for £285k so do split the amounts in half doing two reports like brought for £75k and sold for £142.5k and halving what we have spent on all fee's estate agent / solicitors / stamp duty / new boilers

Hi trevrington,
As the disposal is by two people, there will need to be two capital gains calculation, one for each person, relating to their share of the asset.
If you are husband and wife or civil partners, you have the choice of splitting the asset 50/50 or by your legal and beneficial percentage of ownership. For everyone elese, it is only split by the legal and beneficial ownership value.
Please have a look at the guidance at CG15250:
CG15250 - Expenditure: incidental costs of acquisition and disposal
For details of allowable expenses of acquisition and disposal.
Please also have a look at CG15150:
CG15150 - Expenditure: introduction
Onwards for guidance on determining a capital allowance and a revenue expense.
Revenue expenses cannot be set against a capital gain.
Thank you. 

thank you for your reply sorry to ask the same question we purchased the house for £150k and sold it for £285,500 when doing the capital gains do i half the values for each capital gains calculation ? purchased £75,000 sold £142,750.00 one capital gains for my wife and halving what we have spent on all fee's estate agent / solicitors purchased £75,000 sold £142,750.00 one capital gains for my me and halving what we have spent on all fee's estate agent / solicitors

Hi,
If in joint names, yes you both need to report your share.
Thank you.