peterb_2024
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How to complete CGT form on second home jointly owned then wholly owned
I am assisting my father with completing a CGT return following the sale of his second property. Originally he inherited the property in joint ownership with my mother, and then has been the sole owner since her death. We have calculated his share of the gain (50% then 100%) for the relevant periods, and attempted to complete the online HMRC form. However, we got stuck as the online form only seems to allow for a single period of ownership (i.e. you can't split out separate periods of ownership). Please can you advise how to complete the form for the situation I have described? Can you override the gain figure calculated and provide supporting information? And does the form then automatically calculate CGT due based on the income figure provided? Thanks.