We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Selling a second home - capital gains tax
Comments
-
My girlfriend and I live together (rented). She is on the deeds and mortgage of a house which is rented out (50/50) share.
If she decides to sell her share, will she be liable for capital gains tax?0 -
yes. Owning a property you do not live in makes it liable for CGTLukeedwards88 wrote: »My girlfriend and I live together (rented). She is on the deeds and mortgage of a house which is rented out (50/50) share.
If she decides to sell her share, will she be liable for capital gains tax?
How much she has to pay on her liability comes down to whether she has any entitlement to claim private residence relief and letting relief.
Please start your own thread in future rather than adding to an old one as it avoids people replying to earlier posts that were answered long ago0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards