10:48 AM, 10th August 2021, About A year ago 8
I have sold a buy to let property and are now looking at filing my CGT return within the 30 days. One thing I am unsure of is that because the property is jointly with my brother now, however, it was purchased equally in 3 names (with my uncle) in 2009 but in 2016 he gifted his share of the property (1/3) to myself and my brother equally.
Am I right in thinking for me, it should be 1/3 of the increase from 2009 to 2016 plus 1/2 of the increase from 2016 to 2021 in which case how do I establish the value of the property in 2016, would it be based on the lender’s remortgage value?
Editor Note: HMRC CGT calculator >> https://www.gov.uk/tax-sell-property/work-out-your-gain