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Posted Fri, 03 Jan 2025 15:58:20 GMT by Howard Greaves
If I owe a second home with my spouse 50/50 and I die full ownership is then transferred to my spouse on my death she keeps the property for 2 years then sells it what would CGT be calculated on the original purchase price when joint owned or 50% on original purchase price my wife's cgt liability then 100% of any gain on the value after the 100% transfer to my wife on my death ie does my 50% cgt liability on the original purchase price become zero on my death
Posted Tue, 14 Jan 2025 10:38:13 GMT by HMRC Admin 1 Response

HMRC is unable to provide specific or tailored advice through the Online Community Forums and cannot comment on any form of calculation, example or scenario as we may not be in possession of all the relevant information.

The HMRC Customer Forum is for general queries only and is intended to help our customers self-serve. We are unable to provide financial advice or further interpretation of the guidance provided on GOV.UK.
You may find the following link helpful: 
Capital Gains Tax - GOV.UK


 

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