E
elbow
Guest
Hi,
I've a couple of questions regarding the calculation of a gain for CGT purposes.
I've sold a property which was a PPR for 2 years and rented for 8. I'm assuming once I've calculated the gain I reduce it by 20% for the period it was a PPR - Can anyone confirm please?.
Also, where the property was originally owned by myself, it was transferred into the joint names of myself and my husband in 2006 (6 years into the ownership period), who therefore is liable for the tax, both of us? equally? or is there a time element to this?
Any help appreciated....
Elbow
I've a couple of questions regarding the calculation of a gain for CGT purposes.
I've sold a property which was a PPR for 2 years and rented for 8. I'm assuming once I've calculated the gain I reduce it by 20% for the period it was a PPR - Can anyone confirm please?.
Also, where the property was originally owned by myself, it was transferred into the joint names of myself and my husband in 2006 (6 years into the ownership period), who therefore is liable for the tax, both of us? equally? or is there a time element to this?
Any help appreciated....
Elbow