Capital Gains Tax Allowance on Joint Investment Accounts

Hi, How should capital gains be accounted for with a joint general investment account for a married couple? Should gains (in the event of a disposal/sale of assets) always be treated: - 50/50% and reported as such on individual tax returns - similar to the initial funding of the general investment account, e.g. if this is a 75/25% split, gains also need to be split as such for tax purposes? or can this be flexible, as long as the total gains are accounted for on both individual tax returns? Many thanks, Pieter

Hi Pieter Oudshoorn,
If in joint names it must be 50/50 unless you have opted/informed HMRC of an alternative beneficial interest:
Declare beneficial interests in joint property and income.
Thank you. 
 

Hi HMRC Admin 25, The page/form you reference specifically mentions jointly owned property. Does the same hold for a joint general investment account (investing in stocks/shares)? Thanks

Hi Pieter O,
Yes, jointly owned investment account is split 50:50.  Have a look at SAIM2420 - Interest: taxation of interest: joint accounts
Thank you.