Perminder kaur
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In divorce, What is buying price of a property when calculating Capital Gains Tax
My ex bought property A in year 2000 jointly with his ex for £25000 and then in 2008 at the time of their divorce, he bought his ex out of the property for £100000. Now we are getting divorced and if he sells the property I want to know that what will be the bought price when calculating the CGT. This is not his main home it’s a buy to let property. He has got 1 more property like this. -
Capital Gains Tax on property taken over from ex
My ex bought a property in 2000 jointly with his ex for £25000 and then in 2008 he bought his ex out of the property at the time of their divorce, for £100000. Now we are getting divorced and I need to know that what will be the bought price when calculating the CGT now if I take over the mortgage off him