CGT on a PPR

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richdylan2

Guest
I am purchasing a property with a friend, loaning him the money really. It will be his PPR but not mine. When it is sold in the future, will the profits be subject to cgt? Or will the fact it is not my PPR mean that cgt is payable? My name will be on the ddeds to the property as I will be getting a small mortgage.
 
V

Vanilla

Guest
I think the simple answer is that if you sell in the future and make a profit, your half is taxable to CGT, the other person, whose ppr it is, is not liable.
 
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