Allan

Hi HMRC My wife and I purchased a property as joint tenant for £100,000. 6 years later, my wife transferred all her shares to me for £140,000 and I am sole owner of the property. I understand that CGT = Selling Price - Acquisition Price - Allowance (for simplicity, I do not include deductible expenses such as legal fee). If I am going to dispose 50% of the shares to my brother for £150,000, grateful if you would advise whether my understandings below are correct, or please correct: My total acquisition price = £240,000 Disposing 50% to my brother: Selling Price of that 50% shares = £150,000 Acquisition Price of that 50% shares = £120,000 Allowance = £6,000 Assuming I am high rate tax payer CGT = (£150,000 - £120,000 - £6,000) * 0.28 Many thanks