What would be my CGT libability on below
Purchased house in 2007 for 380000 with ex girlfriend
Took over mortgage in 2014 from ex with ex paying 55,000 as property was in negative equity. House was worth then sub 300K
Selling house in 2023 for 375000
Solicitor says as i took over the remaning 50% mortgage in 2014, i could be liable for CGT
Purchased house in 2007 for 380000 with ex girlfriend
Took over mortgage in 2014 from ex with ex paying 55,000 as property was in negative equity. House was worth then sub 300K
Selling house in 2023 for 375000
Solicitor says as i took over the remaning 50% mortgage in 2014, i could be liable for CGT