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Capital gains tax and seperation
LJ1
Posts: 72 Forumite
in Cutting tax
husband left family home May 2008 - has recently bought himself another home and has another partner.
Im still in the family home which husband does not want to put up for sale until market picks up he has suggested a wait of 2 years.
However i am not sure i can actualy stay in the family home much longer (another story) can anyone offer any advise re CG when people seperate.
and house sold. If husband has another residence is he liable to CG, if i were to move to my mums and not using my share to buy another house (at the moment) would i have any liability
Im still in the family home which husband does not want to put up for sale until market picks up he has suggested a wait of 2 years.
However i am not sure i can actualy stay in the family home much longer (another story) can anyone offer any advise re CG when people seperate.
and house sold. If husband has another residence is he liable to CG, if i were to move to my mums and not using my share to buy another house (at the moment) would i have any liability
0
Comments
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As you have lived in the house for the whole period of ownership, you will not be liable to CGT on sale.£705,000 raised by client groups in the past 18 mths :beer:0
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