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Posted Tue, 04 Jul 2023 11:46:32 GMT by
If my share of the property is half its value, is my share of the profit also half for CGT declaration purposes? In other words when I complete the CGT declaration, do I half the value of the house when it was acquired and half the gain resulting from its sale? Please help as I cannot speak to anyone at HMRC and this is not clear form the online information.
Posted Wed, 05 Jul 2023 14:57:04 GMT by
Casey did you get an answer to this as I have the same problem
Posted Thu, 06 Jul 2023 11:39:34 GMT by
I think you half everything and submit separate CGT forms. Either way it's expensive !! My case is more complicated but as I understand it, the answer I have given is correct. Good luck.
Posted Tue, 11 Jul 2023 09:53:22 GMT by HMRC Admin 32 Response
Hi,

Yes, you will declare on half of everything , value at purchase, costs and disposal value.

Thank you.

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