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Confusing capital gains
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I suggest you post on the cutting tax forum
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We have no idea whether a liability exists, because we don't know what the gain was.RAS said:@madman
Would the fact that the house was bought in joint names, lived in by both, vacated and rented out by both, then transferred to the OP's sole ownership in 2014, result in a CGT liability for both parties in 2014?
And then sole responsibility by the OP for CGT for the rental period 2014 - 2018?No free lunch, and no free laptop
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