Afternoon,
Somebody here will know this !!
Ex wife doesnt work but has sold a property and will have CGT to pay.
CGT allowance is £12,300
CGT on properties appears to be 18% as a Basic Rate tax payer.
If you have not used your own income tax allowance can you use this aswell, or would any gain she has made by taxed at 18%, after the £12,300 allowance.
Thank you
Somebody here will know this !!
Ex wife doesnt work but has sold a property and will have CGT to pay.
CGT allowance is £12,300
CGT on properties appears to be 18% as a Basic Rate tax payer.
If you have not used your own income tax allowance can you use this aswell, or would any gain she has made by taxed at 18%, after the £12,300 allowance.
Thank you