Richard Diplaros
Joined: 10/8/2024
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Capital Gain on rental property after death of wife
Hello We owned a rental property in joint names. My wife died in June 2024. I am now selling the property. For capital gains purposes: Property was bought in joint names in 2018 for 250000 Property now being sold for 350000 Gain 100000 What do I show as the purchase price for my cgt report? Is it half of the price paid in 2018 plus half of the value when my wife died and I inherited her share? Also do I have to show the disposal price as 350000 being the full amount its sold for or just half of that? Sorry im a bit confused! Thank you