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Capital Gains Tax
markcarter10
Posts: 1 Newbie
I have recently achieved a divorse ( decree absolute ) the financial agreement included buying 50% value of the house from my X..She has not lived at the former matrimonial home for over three years. My question is: Is she liable for capital gains tax on the amount I am having to buy her out for (£160,000)?
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Comments
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Gotta love that word 'achieved'. Something we all aspire to.......Not sure that her tax liabilities are really your concern any more.Do/did you own the property as Joint Tenants or Tenants In Common?I believe it makes a difference though I may be wrong.0
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assuming you are not in quasi independent Scotland who make their own rules to reinforce that status, then read this, it covers what you apparently have not googled
https://www.pinsentmasons.com/out-law/analysis/divorcing-couples-beware-the-capital-gains-tax-trap
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