Hi
Bit of an odd one, to dim it down:
Arrangement for last 3 years:
(Husband) lives in house A. Mortgage/deeds 50% (Husband) and 50% (Daughter) names.
(Wife) lives in house B. Mortgage/deeds 100% in (Wife) name.
Additional info: previous to this, all 3 lived in the house A for 15 years as the main and only residence.
Husband and wife not "legally" separated, no deed of separation or anything, but dont have anything to do with each other, consider themselves separated and never met and barely spoke to each other in the last 3 years. Marriage had broken down but neither interested in the hassle with divorce or even separation deed.
The intention is for (Husband) to transfer equity to (Daughter) his 50% remaining share in order for the property to be remortgaged £90,000 (£180,000 value) with his retirement age limit removed. (Husband) has lived here the whole time as main residence however no PPR has ever been selected.
Any ideas if any cgt implications and if I should see an advisor?
Thank you
- Home
-
Tax News
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice and Methods
- Professionals in Practice & Industry
- General
- TaxationWeb
-
Tax Articles
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings and Investments, Pensions and Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice & Methods
- Professionals in Practice & Industry
- General
- Tax Tips
-
Tax Forum
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations and Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practices & Methods
- Professionals in Practice & Industry
- General
- Tax Jobs
- Get in Touch