Self Assessment Capital Gain reporting on jointly owned property sale

boongywoongy Posts: 62
First Post First Anniversary Combo Breaker
edited 10 January at 1:16PM in Cutting tax
My wife and I sold an investment property in 2022 which we need to report as a capital gain on our upcoming Self Assessment return.

Do I just divide the property sale price by 2 for the 'Disposal proceeds or market value' field and do the same for the remaining fields like 'Incidental costs of disposal', 'Cost or market value', 'Improvement costs' etc so that the final 'Chargeable gain or loss' field is correctly calculated to be 50% of the gain? Been ages on the queue to speak to one of the telephone HMRC advisers and I've run out of patience!


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