Marriage and two houses

matty2767

Hi all

My fiancée and I plan to marry in the near future. We both have our own properties. Mine was purchased in 2005 and has around 100k of equity. Hers was purchased in 2020 and has around 40k of equity. Our question is around what to look out for regards to capital gains tax and how to be efficient with it. Do we need to sell one of the properties before we get married in order to limit the tax or would CGT only be payable on the amount of equity earned after marriage. 

Thank you

eskbanker

CGT doesn't apply to your primary residence, so it's only after moving out that it potentially comes into play, but even then there's effectively a 9 month grace period:

https://www.gov.uk/tax-sell-home

Are you planning to retain the one that's not going to be your marital home?

matty2767

Thanks for the reply. Yes we might keep the non-marital home if we are able to