A long standing client (partnership with him & his "wife" of 40+ years) recently has £260k deposited into their joint business current account from the sale of their Spanish home that we knew nothing about (purchased 1992) - it was used for his family only so no rental income. The purchase was in his name despite it being a joint home - historically he always did things in his name - it was paid for from the business account he says, but it was before my time & records. Can the capital gain be treated as joint and thus 2 lots capital of allowances?
2nd Oct 2019
Capital Gains Tax - Spanish Property
Spanish Property Sale - Capital Gains Tax Allocation
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