Capital gains tax begin on a property joint ownership/inheritance

Henrta

My understanding is that if you inherit a property you pay Capital gains tax on its estimated value from the time you inherited it. If you were made joint owner of a property prior to the inheritance would you thereby be subject to capital gains tax from the date of joint ownership, or for only half of it from that date, or still only when you inherited the property later in full?
Thanks

Keswick1uk

Your acquisition cost is half of the joint ownership date value and the value of your half on inheritance.  A  sort of hybrid cost!

Watch out for improvements done before inheritance and only include the right proportion of those depending on date.

Henrta

Thank you Keswick

AdrianC

If you were a half-owner before the other owner's death, then you are only inheriting half...

But CGT is payable on sale, no matter how you acquired it, unless you live in it.