CGT when selling

[BorgQueen]

a house where one owner has moved out after relationship split ?

DD will have to sell her home after her partner left, no CGT as it’s her residence but what about him?

He has agreed to foot the bill for the ERC and Conveyancing but if he also has CGT ( he’s a 40% tax payer) he might change his mind.
I know it’s different for unmarried ex-couples but I’m not sure of the details as I’ve read different things,
including a 9 month ‘grace period’ where if the house sells within that time, no CGT is due.

They paid £268k 3 years ago, it will likely sell for £310-315k so a £43k ish total gain, they are joint owners.

When did he move out and did he buy another property or does he own another property?

If he has moved out he has 9 months before CGT kicks in, then he will only pay CGT on the profit made since then - so 50% of total gain (as the other 50% is your daughters). Then owned for x months - x months lived in it - 9 months = this will give you the number of months he needs to pay CGT on

He can also deduct his 50% of purchasing costs, sales costs, renovations, etc from the profit before calculating the CGT

I assume he owns another property for CGT to be due?
He would get a deduction for every month he lived there plus 9 months after he moved out and can also deduct 50% of the costs of buying and selling from the total gain.

He will be renting, he’s currently living at his parents house.
Will the conveyancing solicitor sort it out if it needs paying ?

Although I doubt the value will increase between him leaving and it selling - something I read said that he would be liable for 50% of the whole increase in value since they bought it but that didn’t seem right.
He moved out a couple of weeks ago and the house will be going on the market once he’s moved into a rental as it’s currently a mess, his kids’ beds and bedroom furniture is dismantled and all his crap is sat in the garage.

DD obviously wants the house nicely presented in the EA photos although she wants nothing to do with actually selling it, she’s heartbroken at having to sell. She can’t buy him out unfortunately.
I’ve been up there for 3 hours this morning painting her ensuite and fitting new shower bits 🙄
I could wring his fucking neck.

something I read said that he would be liable for 50% of the whole increase in value since they bought it but that didn’t seem right.

It's not right.

https://www.thisismoney.co.uk/money/experts/article-11632809/amp/Do-pay-capital-gains-tax-home-left-divorce.html

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@BorgQueen the only tax the conveyancing solicitor pays is SDLT. Everything else is for the client to pay once their share of the profit is in their bank account.