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Siblings as tenants in common

Answer
Annette White
Posted Thu, 19 Dec 2024 17:22:25 GMT by Annette White
When two siblings own two properties as tenants in common and each sibling occupies one of the properties as his main residence, and they want to change the status so each sibling owns one property in full, does one half of each property become liable to CGT when it is transferred to the other sibling?
Answer
HMRC Admin 19 Response
Posted Tue, 07 Jan 2025 12:08:50 GMT by HMRC Admin 19 Response
Hi,
Yes, it does.
Thank you.

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