SH79 SH79

Hi just trying to understand the cgt position if there has been the sale of a 2nd property that has been rented out and the ownership changed several times before it was ultimately sold. Prop purchased jointly by husband and wife 2010. 2013 divorce, husband buys wife out. 2015 new wife buys into property. 2024 ultimate sale of property. Who needs to pay what on sale in 2024 when is the gain calculated from? Did divorce count as a disposal on both parties in 2013 and a new acquisition for husband? How is buy in of new wife treated in 2015 for both husband and new wife, what is acquisition cost for new wife, how is it determined? Was it a disposal and re-acquisition for husband? Thank you

Hi, if parents purchase a property for their children to live in via a mortgage (family occupancy agreed with lender) and the children pay the parents just enough "rent" to cover the mortgage payment, is this classed as taxable rental income on the parents if there is no formal rental agreement? If the money received is classed as taxable property income on the parents A: Can the parents claim the property allowance? B: If the parents don't want to claim property allowance can they instead claim allowable property expenses (excluding finance costs) up to the value of the rental income received? C: do the normal restrictions around tax relief for finance costs apply? Thank you