dr_jones

I was paid by an overseas landlord to end my tenancy on an overseas property that I was renting (renting myself, not letting out nor subletting). Because they wanted to sell it to a developer. I got paid about £15,000 equivalent to relinquish my tenancy rights. I do not know how/if this should be declared for tax - is it CGT? If so, what would be acquisition cost as it would have cost the same to ask me to leave at the start of the tenancy!

Thank You

Hiya, My mother and I are joint owners on my deceased grandparent's overseas family property, but I have nothing to do with it. She has beneficial ownership (keeps any income arising). She sold the property earlier this year and kept all the proceeds and will pay all the taxes etc. Does my mother solely declare the full sale for CGT purposes in her self assessment? Or do we both declare it and split the CGT 50:50? I.e. can we split it 50:50 to take advantage of the CGT allowance even if I do not have beneficial ownership or any proceeds? Thank You