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Posted Thu, 13 Jul 2023 10:30:24 GMT by Carlislemiss
I have sold a property which my husband and I owned jointly, he died in 2015, how do I calculate the Capital Gains Tax. The online form does not allow for this scenario
Posted Tue, 18 Jul 2023 14:01:46 GMT by HMRC Admin 19 Response
Hi,

You need to have the value at time of purchase and again in 2015, take 50% of each and add together. This is your purchase costs that you then deduct from the proceeds along with any costs and, or, improvements. This is then your gain.

Thank you. 

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