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  • CGT liability on sale of 1% / 99% jointly owned property

    My wife and I bought an investment property in joint ownership a few years ago with 50% / 50% ownership which we have recently sold and CGT is due. 4 tax Years ago 2020/21, we changed the ownership to 99% / 1% ownership in favour of my wife for income tax purposes. A declaration of interest was drawn up and issued by our solicitor, stating that we had become tenants in common and beneficial interest was now shared with that same % split. Furthermore, it stated that on sale of the property the net proceeds of the sale should be split with that same 99% / 1% ratio. One issue is that I no longer have access to the e-mail address that I previously used for official correspondence so cannot trace where this document was sent at the time, although I still have a copy myself. My question is: do I need to complete a CGT return for myself if there would be no CGT due or do we just complete one for my wife?