Capital gains on property owned by 4 people

freyamae

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

[Deleted User]

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.

Mojisola

freyamae wrote: »

My husband owned a quarter share in a property with aunt, uncle, mum and dad.

Isn't that five owners?