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If the loss is £200,000 and your wife's share is £100,000, then that is all she can claim against the £200,000 profit on the property she owns solely. The first £11,100 of net gains made in 2015/16 will be exempt from CGT.There are two rates of CGT, 18% and 28%. The rate or combination of rates that your wife will pay will be dependent on the level of her income in the tax year that net gains are made. If the sale occurs in 2015/16, one of the following scenarios will apply:1 If the sum of your wife's income and the net taxable gain is £42,385 or less in 2015/16, then all the taxable gain will be charged to CGT at 18%.2 If your wife's income alone is £42,385 or more in 2015/16, then all the taxable gain will be charged to CGT at 28%.3 If your wife's income alone is less than £42,385 in 2015/16 but greater than £42,385 when the net taxable gain is added, then part of the net taxable gain will be charged to CGT at 18% and part at 28%.