Advanced search

Mumsnet has not checked the qualifications of anyone posting here. Free legal advice is available from a Citizen's Advice Bureau, and the Law Society can supply a list of local solicitors.

Capital gains tax help

(2 Posts)
timeforachangeithink Thu 10-Nov-16 18:07:14

I'm wondering if anyone can help. I bought a property with my ex which I bought him out of a year later. I've had it rented and trying to work out my capital gain. For the buying expenses do I use half of the costs when we bought it together added to the costs that I paid to buy him out? That seems the logical thing but just checking to make sure I am correct.

timeforachangeithink Thu 10-Nov-16 18:09:43

Also what purchase price do I use, the initial purchase value £160k or the value I bought him out for £155k. Or again do I split the difference and use £157,500.

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now