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Category: Tax
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Myself and my wife bought a 50% stake in a London flat 7 years

Customer Question

Myself and my wife bought a 50% stake in a London flat 7 years ago with my daughter from a previous marriage. We contributed 225k. If we sold today, our share would be 300k, a profit of 75k. How much CGT would we be liable for?
Submitted: 2 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 2 years ago.
Hello and welcome to the site. Thank you for your question.

Please advise if
- you ever lived in the flat as your main residence
- are you basic rate tax payers

Many thanks

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