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CGT on joint acount
planforfuture
Posts: 114 Forumite
in Cutting tax
We have setup an investment account (non ISA) over 20 years ago mainly for my son when he grows up. The account was setup in a joint account with son, wife and myself. If we are to sell some/all of the shares in that account, am I right that the CGT will be divided by the three of us? Btw, son now working and paying tax too.
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Comments
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That would normally be the case, unless the beneficial ownership is different from the legal ownership.0
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