Colin808

Hello I paid £125000 when I purchased the property in 2010. Gave my husband 50% of the equity in 2014. We sold the house this march for 215000. Each of received 107500 minus sales cost. My husband has capital gains tax to pay on the increase of his share of the property. But because my return on the sale of the purchase of the house is less than I purchased the whole of the house for do I have to pay Capital gains tax . I only lived in the house for 1 year, the rest of the time it was let out, but my primary enquiry is if I calculate my tax the from the original purchase price of 125000 or from the point that I gave 50% to my husband.

My wife bought her house for 125000 in May 2010. We got married in 2014 and after our marriage she transferred 50 percent equity into my name.We have just sold the house for 215000 so her 50 percent of the sale of the house is 107500. Does this mean she pays no capital gains tax. Thanks.