I jointly own a buy-to-let with my spouse. How does CGT work when selling a jointly owned property, particularly if one of us is a higher-rate taxpayer and the other is basic rate, and can we split the gain unevenly for tax purposes?
Quick Answer
CGT on jointly owned BTLs is usually split 50/50 between spouses, but this can be adjusted with Form 17 and a Declaration of Trust to optimise tax efficiency based on individual income rates.
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Learn how CGT works for jointly owned buy-to-let properties, especially for spouses with different tax rates. Optimise your tax with Form 17 and Declaration of Trust.
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