15:07 PM, 14th July 2022, About a month ago 3
I have just sold a rental property and am slightly unsure regarding capital gains tax.
We made a profit of £77,000. The property was originally bought in joint names 50/50 basis with my husband, but we changed a few years ago as he is now disabled so I owed 99% and he owns 1%.
Does this mean although at some time it was 50/50 I can only claim the tax for this year, which means I pay approximately 13k in tax on my 99%?
HMRC CGT tax calculator >> https://www.gov.uk/tax-sell-property/work-out-your-gain