SW_22

A property, which is the main residence of a married couple living there for over 10 years, was sold with capital gain. May I know whether the married couple could be treated as single entity and share the capital gain if only one of them is the owner in the legal document but both of them are the “borrower” for the mortgage in the legal document? If yes, may I know the percentage of capital gain to be shared between this married couple?

An overseas property, which is the main residence of a married couple living there for over 10 years, was sold after becoming UK resident with capital gain. (1) Can entitle for PRR in this case, am I correct? (2) May I know whether the married couple could be treated as single entity and the CGT could be shared when reporting if only one of them is the owner in the legal document but both of them (i.e. the married couple) are the “borrower” for the mortgage in the legal document? (3) If yes, may I know the percentage of capital gain to be shared between this married couple? (4) If shared, how to indicate the shared portion of capital gain in our individual self assessment, as we need to report the original purchase price and disposal price in full (minus the solicitor fee, agency fee, etc) to calculate the capital gain but this will be in full capital gain amount?

A property, which was the main residence of the married couple living there for over 10 years, was sold in 2024 but only one of them is the property owner in the legal document. May I know if the married couple would be treated as an entity that the CGT could be shared in this case? If yes, would it be 50% for each of them? Thank you.