CGT on jointly owned property

[ryallm]

The initial message was deleted from this topic on 04 December 2022 at 10:24

[OutInTheShed]

I'd check out whether there is any relief because you were providing the house to a relative?

If you started out with a 1/4 share and another co-owner invested in capital works, it might be logical that they then had an increased % share?

The issue is often separating capital from maintenance.

[uknick]

If you didn’t pay for any of the improvements, how can you deduct them from your share of the gain? Plus, you need to be clear what is an improvement, defined by HMRC as betterment, and what is maintenance. Classic example is fitting double glazing, considered maintenance and not capital by HMRC.