Good Afternoon,
I a lump sum of former matrimonial home (FMH), at the final hearing for financial remedy.
The Judge (recorder) has ordered that I register a charge so I receive a lump sum equal to 50% of the value on the FHM, so that this happens at the right time after the children finish University.
The property is in my ex-wife’s name, I have moved out for more than 3 years now. I have been searching for ages for an answer as to what to do. I fee if I wait any longer my 3 year LIP battle will be pointless.
I expect to realise this in another 18 years. Price of house is £360K now.
What Capital Gain Tax do I have to be prepared for now and in the future?
I have been self-repping, so I would appreciate any assistance.
Allcry
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