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CGT Query
kevin0410
Posts: 227 Forumite
in Cutting tax
Person A jointly owns property A with person B and then jointly purchases and moves into Property B with Person C
Person A then improves and sells Property B taking his share, whilst also selling Property A and taking his share.
is person A liable for CGT?
Person A then improves and sells Property B taking his share, whilst also selling Property A and taking his share.
is person A liable for CGT?
0
Comments
-
Maybe/maybe not.
Insufficient info - potentially liable is about the best answer from what you've said. Have a read of this and see if you can work it out yourself or post more details:
https://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/DG_40163130
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