CGT due on sale of property where a proportion has been gifted by spouse

Hi, I am currently completing the Report and pay Capital Gains Tax on UK property online form for a property that was purchased 100% by my wife 20 years ago. 2 years ago she gifted me 50%. We have now sold the property. Question 2 'Purchase or acquisition details' specifically asks when I obtained my share of the property. Answering the questions as they are written has resulted in a lower than expected CGT liability, as the online form appears to be calculating CGT from the date 50% was gifted to me and the date of sale. Elsewhere on the HMRC website the advice appears to contradict this and states that 'Their gain will be calculated on the difference in value between when you first owned the asset and when they disposed of it.'. Can anyone advise on how the recipient of a gift from a spouse of a % share of a property should calculate CGT when the property is sold? Thanks

Hi,

As there is no Capital Gains Tax to pay on the transfer of assets between spouses or civil partners, you would have to use 50% of the purchase price 20 years ago, to work out your gain.

Thank you.