CGT when you own different % of property over time.

I owned 30% of a property with my mother which cost £44k. I inherited a further 20% of the property when it was valued at £170k. If I sell it for £200K, how do I calculate CGT? I'm thinking it should be CGT on (170 - 44)x0.3 plus (200 - 170)x0.5 = £52,800

Hi,

You will have two separate acquisition costs for Capital Gains purposes. The first one will be your 30% share which cost you £44K. The second one will be your 20% of the market value when you inherited it. These 2 figures added together will be your total acquisition costs for the property. You can see guidance here: 

Capital Gains Tax: what you pay it on, rates and allowances

Thank you.