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Hi tutor,
Could u plz help me by answering this question.
Marlon sold house for 497000 which he owned individually. House Purchased for 146000 . Marlon incurred legal fees of 2900 in connection w purchase of house. Legal fees 3700 connection w disposal.
House occupied by marlon and his wife as main residence. One third used for business purpose. Entrepreuner relief not available for disposal.
Marlon higher tax payer. Wife has no taxable income.
Calculate cgt saved if marlon transfered 50% ownership of house to wife prior to disposal.
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