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jmwblues Woods

jmwblues Woods

Joined: 12/3/2024

  • Joint Ownership, Declaration of Trust and CGT

    Tue, 03 Dec 2024 17:24:29 GMT – Joint Ownership, Declaration of Trust and CGT
    My wife and I owned a buy to let property, though the mortgage was in my name only. There was a declaration of trust drawn up by a solicitor which stated the ownership shares. The property has now been sold. When CGT is applied to the relevant shares of my wife and I, my share of the gains are below the CGT threshold. On my Self Assessment do I need to inform HMRC of the sale?