Jane Eames

My brother and I inherited a property 24 years ago valued at £95,000. We have rented it out the whole time. He now wants to sell. The property is worth approximately £350,000. If we sell the property we will each be liable for CGT and I have looked at the calculator for this. If I were to buy him out (quite unlikely, but I’d like to know the answer), would it be that a) he would be liable for his half of the CGT but I wouldn’t until I sold up OR b) we would both be liable for our own half of CGT at the point of transfer of equity. I would then be liable in the future for any gain from that date of transfer of equity until I sold the property. (It would still be a rental property, not my residence) I hope this makes sense Thank you Jane Eames