CGT Principal Private Residence Exemption on jointly owned house

[Lyreco]

My brother and I are considering going 50/50 on a property as an investment. I will live in the house as my main residence for at least 1-2 years. Does anyone know what the situation is regarding CGT when/if we sell the property? Would my 50% share be exempt from CGT as it's my principle private residence?

 

[dublin67]

Think of owning a property jointly as a partnership. If the house is your PPR then you will be exempt on 50% of the profit on disposal. If your brother doesn't live there as his PPR then he won't be able to claim an exemption and he would if he did live there. There are rules relating to apportionment when you don't live in it for the entire time as a PPR when you own it.