capital or other tax

[mjandrews96]

ten years ago a friend of mine took out a second mortgage to buy a house for his son and daughter when having purchased this house as a cash sale  he put his name on the deeds along with his son and daughter    now they want to sell does he have to pay capital gains tax along with his children or are they assessed individually  when the house sale is completed     is it capital gains tax they pay or is their some other tax they have pay    i dont think this comes under inheritance tax..    any help please so i can pass this onto him  as he is not owner of computer  

[AlanS107]

Go to www.fool.co.uk and click on discussion boards. There are many places where you can ask this sort of question. The site is a dedicated site for financial questions and is free to join.