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    • seventyken
    • By seventyken 13th Oct 16, 8:41 AM
    • 4Posts
    • 1Thanks
    Transfer of equity - tax?
    • #1
    • 13th Oct 16, 8:41 AM
    Transfer of equity - tax? 13th Oct 16 at 8:41 AM
    Hi folks. Myself and my ex dividing up two properties between us. One property is worth 60k more than the other so she'll be paying me 30k for my half. She'll be paying stamp duty on this transaction, I wont. (it's her second property) My question are:

    This 30k - how does it get taxed from my perspective?

    Also, what kind of paperwork should I insist upon before we come to removal of names from deeds etc? How does this sum usually get paid?

    Any more details required, just let me know. Anyone here been in a similar position?
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