Deprivation of capital?

selhurst_sound

xylophone wrote: »

Only sounds?

You expect the tax payer to provide you with an indirect subsidy so that you don't have to "take a huge step backwards"?

Well I've worked bloody hard to get to what I have, so I don't think it's outrageous for me to want to keep what I've got.

I'm not "expecting" anything from the tax payer, I'm simply exploring what the options are. This started off as a simple idea from my ex asking me whether or not I felt I could afford the house on my own. Rather than just say yes and leave her to encounter issues in the future, I'm trying to make sure we can see the full picture.

If I kept the house, she moved out and then got refused support, we'd be shafted all round.

Thanks for the advice so far on this thread. Seems it's not black and white, but gifting her share of the house to me would more than likely be regarded deprivation of capital. I'll have to have a really good look through both of our finances and work out if we could make something work whereby I subsidise her income without any other help. If it doesn't add up, then I guess we'll have to sell.

TELLIT01

There is no simple answer to the question as there are so many factors involved. I do however suspect the OP's thought that there may be the question of 'deprivation' if his ex simply handed the property over to him and had no financial recompence. I think it doubtful that the Decision Makers would be happy about it.
You really do need to take advice on this one, from those who can investigate deeper.

teddysmum

Could you not live together but separately ie You have the largest bedroom as a bedsit, then share kitchen and bathroom facilities ?


Members of my husband's family did that for years until their daughter was old enough to leave home.

xylophone

Well I've worked bloody hard to get to what I have, so I don't think it's outrageous for me to want to keep what I've got.

This is irrelevant to the point at issue?

Many a person who has to go into care and self fund, but sees others who have not worked hard etc get free care, feels the same way?

The point is that you and your partner have a shared asset and if you split up, will be expected to use that asset to fund your life apart?