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Capital gains on property owned by 4 people
freyamae
Posts: 32 Forumite
in Cutting tax
We are attempting to fill in a self assessment for the first time. My husband owned a quarter share in a property with aunt, uncle, mum and dad. Can anyone advice how input this on the tax return? We have a list of all improvement costs and fees from my father in laws accountant but obviously relating to the property as a whole.
Thanks in advance
Thanks in advance
0
Comments
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One quarter of everything ( costs, sale proceeds, improvements, legal fees etc) should be entered on each individual return.
It would probably be a good idea to state this fact on the 'additional information' box.0
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