sunnydonkey
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This concerns a former PPR which because of a delay in selling became liable for CGT.
The house was owned by a cohabiting couple who bought it jointly as tenants in common. The house is abroad but the couple now live in Ireland.
Wondering as there was never a fixed division in % ownership between both and if jointly and severally owned, would this allow one owner to pay all the CGT for the property?
The reason of course is that this party already has accrued CGT losses that it can be set against.
The house was owned by a cohabiting couple who bought it jointly as tenants in common. The house is abroad but the couple now live in Ireland.
Wondering as there was never a fixed division in % ownership between both and if jointly and severally owned, would this allow one owner to pay all the CGT for the property?
The reason of course is that this party already has accrued CGT losses that it can be set against.