ShaunLyla1
-
CGT allowance on second property sale
I am in the process of selling a second property which is held in my wife’s name for tax purposes when we were both working. I have received what seems to be conflicting advice through this forum. On the one hand it is stated that we can both claim the CGT allowance separately as long as the proceeds are split and we both complete separate tax returns. On another reply we must change the property into joint ownership before sale. Please advise. On a related issue, I refitted the kitchen and bathroom and replaced an old but serviceable storage radiator a few years ago. Can this be claimed as an improvement against our CGT liability?