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Property Capital Gains Tax

  • 164 posts
  • # 113889

Ive been approached to work out property capital gains tax for someone who is considering selling his second home.

Situation is that he lived in a flat from 2003 until 2008 then it has stood empty until now, but the person has moved back in due to a marriage breakdown. 

The couple bought a house in 2011 where they both lived up until 6 months ago.

Both properties are also in the husbands name(not sure if this makes a difference).

He wants to sell the flat and rent somewhere.

He has never declared either property as his main residence.

 

Would both partners be able to use their own CGT allowance on the flat or just the husband?

 

Thanks

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