Lee Wilson
Joined: 5/29/2024
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Part Share of a 2nd Property. How much CGT to pay.
Myself and my wife own 12.5% each of my mum's property and are on the title deeds. My mum is selling said property, with some of our 12.5% proceeds being needed to buy her new home (we won't be on the deeds of the new property). Do I need to pay the CGT on the full 12.5% I made from the sale (£33k) or the CGT of what profit is paid to us once the new house is purchased (£26k)?