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Query on Capital Gains Tax Query on Capital Gains Tax

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Old 02-04-2010, 10:57 AM
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Red face Query on Capital Gains Tax
I am a half owner of a bungalow which is not my main residence- and considering selling. Can anyone tell me would I be eligible to pay any Capital Gains Tax on my share of the sold price? Thanks - Rockey
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Old 13-04-2010, 12:24 PM
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Default Re: Query on Capital Gains Tax
I am not an accountant but i think you would have to pay capital gains on your share of the house sold. You pay less if you once lived there. There is an annual exemption of around £10k I think but you'd need to check it out with an accountant.
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Old 14-04-2010, 07:05 PM
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Default Re: Query on Capital Gains Tax
Your local Citizens Advice Bureau might be able to help too.
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