CGT on shared ownership

Fidan2022

Hi I am selling my property which I bought back in 2009 with the help of an equity loan. The split was 55% mortgage and 45% equity loan. My question is when I sell do I have to pay CGT on the full 100% or just the share I had?? I lived away from the property for 7 of the 18 years 

Jeremy535897

Usually equity loans are just loans, and you pay back a sum linked to the value of the house. You don't pay tax when you take out an equity loan, so I am afraid that it is likely that you will pay tax on 100% of the gain, as what you pay to the lender is just interest.

NorthYorkie

Your heading refers to "shared ownership" and yet you go on to refer to an "equity loan" - what do you mean?

silvercar

You only pay CGT on the proportion or the time it wasn’t your principal private residence. You are also exempt for the last 9 months of ownership and can deduct buying and selling costs. You also have a personal CGT allowance.