Hi Everyone
Me and me wife are going to be separating/divorcing soon and want to split our assets. Currently we have a main residence and a buy to let.
Our plan is for me to have one home and the other buy to let to my wife. The buy to let is in my name so i understand I would have to make sure she can get a mortgage in her own name and get the deeds transferred over to her name. I understand that this would be classed as a separation/divorce so there would be no stamp duty to pay? or alternatively she would be a first time buyer so that would not incur and stamp duty to my knowledge.
Regarding capital gains tax I understand that there probably would be some payable should we/she sell the flat but if transferring to her for her to use there would be none to pay at this stage right? We plan to get a deed of separation written up before we change any assets around. Thank you for your time
Simon
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