CGT when selling a home co-own with mum

J41721

Asking for my friend

1. Property A in Hong Kong, bought in 2020;  friend held 40%, her mum held 60%; friend and mum and brother lives there
2. In 2015, friend got married and move in to husband own property (B) in Hong Kong;  mum and brother still lives in Property A till now
3. They have relocated to England - London recently for work.

Could she claim private residence relief on property A and property B when selling?

Slithery

You can only have one main residence but you've said she was living in both A and B?
Which is it?

steampowered

There's no capital gains tax in Hong Kong.

Slithery

steampowered said:

There's no capital gains tax in Hong Kong.

Good point

badger09

However, if UK resident (for tax purposes) when property is sold,  'friend' liable for UK CGT. 
But see here re Domicile

https://www.gov.uk/tax-sell-property/selling-overseas-property#:~:text=You pay Capital Gains Tax,re resident in the UK.&text=You may also have to,be able to claim relief.

PS 'friend' must have very deep pockets

canaldumidi

steampowered said:

There's no capital gains tax in Hong Kong.

Does UK CGT apply if she is a UK citizen or tax payer?

J41721

Apology, my mistake property A is brought in 2010

At that time, property is still affordable ... good old dates

The irony of affordable homes ...

sheramber

Who is 'they' , who have relocated? Mum and brother or mum, brother, friend and husband?

Does friend own  property B  with husband or is it only his?

J41721

sheramber said:

Who is 'they' , who have relocated? Mum and brother or mum, brother, friend and husband?

Does friend own  property B  with husband or is it only his?

Friend and husband moved to London

Property B husband bought like in 2000s and lived there, only husband own

J41721

Retype the cases 

1. Property A in Hong Kong, bought in 2010;  friend held 40%, her mum held 60%; friend and mum and brother lives there
2. In 2015, friend got married and move in to husband own property (B) in Hong Kong; Property B bought in 2000s by husband B and have been living there since then
3. mum and brother still lives in Property A 
4. Friend and hubby have relocated to England - London recently for work.

Could she claim private residence relief on property A and property B when selling?

theoretica

J41721 said:

Retype the cases 

1. Property A in Hong Kong, bought in 2010;  friend held 40%, her mum held 60%; friend and mum and brother lives there
2. In 2015, friend got married and move in to husband own property (B) in Hong Kong; Property B bought in 2000s by husband B and have been living there since then
3. mum and brother still lives in Property A 
4. Friend and hubby have relocated to England - London recently for work.

Could she claim private residence relief on property A and property B when selling?

If the properties were in the UK

property A - she could claim relief for the proportion of time she lived there 2010-2015.  Is her share being sold?

property B - her husband owns it and would be the one selling so she would not have CGT liability but he might.  Did he live in it all the time he owned it?