Carrie

Thank you your help. If we opt to split any gain 99: 1, do we apportion the capital gain tax allowance in the same way or do we both still apply a £3k allowance to each gain ? Thanks

Hi, looking for some advice please. In 2011 My husband inherited a property which we initially wanted to sell. Due to the econony at the time the property did not sell, so we decided to let it out from 2012 onwards. Our solicitor transferred the ownership to a 99% me / 1% husband to supplement my income as I worked part time and was a lower rate taxpayer. We have the house valuation at point of probate and the land registry document we paid our solicitor to arrange in 2012 that states the 99% / 1% ownership. The house has just sold, my questions are; 1) Should my husband and I both complete Capital gains tax declarations, if so in what proportions ? 50:50 or 99:1 ? 2) On the Capital Gains calculation page it asks for the date of purchase of the property, should this just be the date that probate completed ? ie 2011 ? Thankyou