Recently separated: any advice!

girlsmum

DUTR wrote: »

Guest101 is just being realistic about the situation and possible hurdles.
Yes it's all amicable at present, but rest assured Daddy in his rented place isn't going to want to sleep on his own for the rest of his life, and if Mummy finds a new man that is staying over in the home for several nights a week partially sponsored by a n other, then things won't remain amicable for too long after that.

Maybe,but not always, please note that OP is not in the best place and all she was asking was does she need to do anything else now, what happens in the future happens and she will have to deal with it then, that's why i said take one day at a time.

FabFifty

Have you told the local authority about the separation so you can get 25% single person reduction on your rates?

DUTR

girlsmum wrote: »

Maybe,but not always, please note that OP is not in the best place and all she was asking was does she need to do anything else now, what happens in the future happens and she will have to deal with it then, that's why i said take one day at a time.

I wasn't criticising your post, but even in time of need, what is needed to know is still better than what one wants to hear.
Indeed take a day at a time, all these episode types start with the best intentions and then will end up often as a new thread possibly with a new screen name.

anna_1977

Separations are never nice.... hopefully you're Ok.

The only comment I have is to get EVERYTHING financial and relating to the kids done via solicitors, I know it'll be expensive but worth it. I know you said you're friends and that's great but in all honesty it will get messy. I was 'friends' with my ex until he met someone new and then suddenly he stopped paying for nice treats as he had someone else to spend the ££ on and I believe the new GF complained. I know that may not happen to you or it may be the other way round - for ease in the future get it all set in stone.

Regarding the house, I'm assuming you can't buy him out? As mentioned by someone else sell sooner rather than later if possible.

Good luck

duchy

DUTR wrote: »

Guest101 is just being realistic about the situation and possible hurdles.
Yes it's all amicable at present, but rest assured Daddy in his rented place isn't going to want to sleep on his own for the rest of his life, and if Mummy finds a new man that is staying over in the home for several nights a week partially sponsored by a n other, then things won't remain amicable for too long after that.

How exactly is telling the OP she is committing fraud (when she clearly isn't) "being realistic" ?

Any useful advice like making the most of the amicable period to settle their affairs before new relationships arrive and cause complications was wasted by getting mixed up with the misinformation and frankly poster baiting. person one has posted here long enough to know they were posting completely wrong info.

Guest101

If I upset the OP then I apologise.

I was being pragmatic.

Did HMRC mention that your ex would be liable to CGT if you sold after a certain time? I uspect not, his investment now, is going to cost him more in the future, because he's being generous now. - I wonder how amicable things will be then?

Anyway, it's a public forum you'll get answers you dont like sometimes, feel free to ignore what i've said and hope the other are right.

Guest101

duchy wrote: »

How exactly is telling the OP she is committing fraud (when she clearly isn't) "being realistic" ?

Any useful advice like making the most of the amicable period to settle their affairs before new relationships arrive and cause complications was wasted by getting mixed up with the misinformation and frankly poster baiting. person one has posted here long enough to know they were posting completely wrong info.

If it was not declared then that is fraud!

Whether its taxable, or counted as income.

duchy

Guest101 wrote: »

If it was not declared then that is fraud!

Whether its taxable, or counted as income.

Jeez how many times !!!

They don't need to declare it
(as confirmed by HMRC to the OP by phone)

CGT won't apply if the marital home is sold before either partner buys a new home -if EITHER do then their portion will be clearly be affected by CGT however nowhere does the OP state either of them have that intention so not sure why you are focusing on that .

Guest101

duchy wrote: »

Jeez how many times !!!

They don't need to declare it
(as confirmed by HMRC to the OP by phone)

CGT won't apply if the marital home is sold before either partner buys a new home -if EITHER do then their portion will be clearly be affected by CGT however nowhere does the OP state either of them have that intention so not sure why you are focusing on that .

1: a random person in the call centre is not an expert
2: quite clearly states in the forms you must declare all money, even if not taxable
3: CGT will apply if it's not his primary residence, which it won't be. Regardless of if he buys or rents.

steph2901

I agree with others who have said to try and sort the financial stuff out sooner rather than later, I wish I'd done that.

Good luck!