Capital Gains Tax on Shared Property

Hi Admin I currently own a 50% share in a property I used to live in with my mother when I was resident in the UK. I'm currently non resident to the UK and am living abroad. My mother is currently living in the property and I visit time to time. We wish to sell this property and use the funds of the sale to purchase a new property in the UK. Can you confirm if capital gains tax would arise from this for the purchase of a new home? Many Thanks

Hi Gk123,
As this is no longer your main residence, it is likely that Capital Gains Tax  will be due on your share:
As this is no longer your main residence, it is likely that capital gains will be due on your share:
Tax when you sell property
Thank you.