Do Co-Owners Need to Do CGT Reporting in the Same Way?

When a property is jointly owned — for example, by a husband and wife — and is sold or otherwise disposed of, each co-owner is treated as having sold their share. For Capital Gains Tax (CGT) purposes, this means each has a separate reporting obligation for their share of the gain. 

The question is whether joint owners have to report in the same way — or if they can choose different routes for reporting. 

The short answer is: they can each report in the way that suits them individually. There’s no requirement for co-owners to use the same reporting method, or to submit their reports at the same time (so long as they both meet their deadlines). 

For example: 

• The husband might prefer to report his share of the gain through his Self Assessment tax return (SATR), provided it’s still within the 60-day reporting period. 

• The wife might choose to report her share separately using a CGT on UK Property return. 

This is absolutely fine. Each person has their own, separate CGT reporting obligation. They don’t need to match their reporting approach with each other. 

Key Points to Remember 

• The 60-day deadline applies to each individual’s share of the gain. 

• Reporting via Self Assessment is only possible if the return is being submitted within the 60-day window; otherwise, the CGT return must come first. 

• If CGT is reported through the CGT on UK Property service first, it will later need to be reconciled in the Self Assessment tax return if the person is required to file one. 

• It’s perfectly acceptable for one co-owner to use the CGT on UK Property service while the other opts for Self Assessment. 

So, in summary: co-owners don’t have to report in the same way. Each can meet their obligations, however, works best for them, provided they meet the deadlines and requirements for the method they use. 

While every care and attention has been taken to ensure the accuracy of the information contained in this publication, it has been prepared in general terms and does not constitute advice. It should only be regarded as general guidelines. The information may change over time and is not a substitute for professional advice. Users are encouraged to verify the information independently or consult one of our qualified professionals at EOACC LTD for specific guidance. Any liabilities or losses arising, or enquiries raised by HM Revenue and Customs or any other parties, due to the taking or refraining of actions referred to in this publication are not the responsibility of EOACC LTD.