Change percentage ownership in B2L
in Mortgages & endowments
2 replies 53 views
Hi. My son and I own a B2L property and own it as tenants in common 50/50 with a mortgage. If we wanted to change the percentage share, would we need the lenders permission? Would we also have to pay CGT based on the change (no cash would be changing hands)? Trying to see if this is a way to maximise the CGT allowance before it changes, and if it is straightforward to do. Thanks.
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As for CGT - thats one for an accountant I think.