transfer of equity ???? capital gains??

samrom

help please, my partner and i own a house together but he also has another property in his name only. if i put my name on the deeds ie transfer of equity will i have to pay capital gains tax?? thanks in advance for any help.

Fire_Fox

http://www.hmrc.gov.uk/cgt/

Jonbvn

These links from HMRC may be of more help.

http://www.hmrc.gov.uk/cgt/property/basics.htm

http://www.hmrc.gov.uk/cgt/property/reliefs.htm

http://www.hmrc.gov.uk/cgt/property/calc-cgt.htm

The key paragraph:

Special rules for husbands, wives and civil partners
If you sell or dispose of a property to your husband, wife or civil partner you usually won't have to pay any Capital Gains Tax on that disposal. You must have lived together for at least part of the tax year in which you make the disposal.