Joanne Stanley
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CGT on sale of rental property with deed of assignment
Hi, My husband is the sole legal owner of our rental properties, he is solely on the deeds and the mortgages. We have a deed of assignments splitting the beneficial interest of the properties 50/50. The purchase of the property ,the mortgage payments and the rental income go to and from our joint account. We have just sold one of our properties to our tenant, do we both need to split the tax 50/50 on the gain of the sale or just my husband . Can you also confirm he is the only one who can claim the mortgage interest relief on his tax return. Thank you