Joint property ownership and minimising tax

Writing in The Telegraph, BKL private client partner Geraint Jones helps to answer the question: ‘We own two properties jointly. How can we minimise tax if one of us wants to sell?’

 

Geraint Jones, principal at taxation consultancy BKL Tax, said there is however a limited form of roll over relief available in these circumstances where the two brothers can effectively swap their joint holdings so that each holds one property completely. Assuming the property shares being swapped are of equal value no capital gain arises. If the properties’ shares are of unequal value a partial relief is available.

 

The full article is available on The Telegraph website.

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NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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