Two brothers owed a dozen or so properties (personally and jointly) which they let out; each declaring their 50% of income and expenditure and net profit within UK Property pages of their respective Self Assessment Returns. None of the properties were subject to any mortgage or other charge. The brothers recently fell out and decided to go their separate ways. Accordingly, professional valuations were carried out on the properties, reflecting their market values. The brothers then chose the properties they wanted, before going their separate ways. Some properties were valued slightly more than their original purchase price, and some less. Overall, there was no gain and, in any event, no money changed hands. Nonetheless, where investment properties are sold, CGT pages per SA Returns must be completed of course, irrespective of a taxable gain being made. That said, because all properties were previously owned jointly by the brothers, with one merely being removed from the deeds giving the other sole ownership, are these particular transactions now subject to declaration for CGT purposes?