Co-own house I don’t want. How to get rid?

Keep_pedalling

You should have put this on your original thread rather than create a new one. I have asked for the two threads to be merged.

Another option you have is simply to stop contributing to any of the expenses and see what happens.

NameUnavailable

SDLT_Geek said:

user1977 said:

Why would a charity accept such a peculiar donation? Could be more hassle (and/or liability) than it’s worth.

Good point.  I do though hear of charities chasing legacies aggressively or even taking court action to fight their corner on the interpretation of a Will.  If there is plenty of value there, some charities might be up for it.

A friend of a colleague inherited a property, the owner had also left a donation to a charity in their will. The charity forced the sale of the property to get their donation - it was during a slump in the market and the person who inherited it wanted to do the place up a bit and sell later to get the most out of it. The charity woudn't co-operate and just wanted their ££££!

Keep_pedalling

GDB2222 said:

MobileSaver said:

AliciaProsecco said:

I will have a considerable cgt bill as I live elsewhere

Why is this a problem? You only pay CGT if the property is worth more when sold than when you were gifted it and you still get to keep all of the original value plus 3/4 of the extra it's now worth. In other words you are still quids in.

That’s only if the property is sold. The OPis thinking of giving it away.

If the op gives her share of the property to charity, then there is no CGT to pay. 

The OP is considering gifting it to the joint owners. If they are connected people then CGT will be payable based on full market value.

https://forums.moneysavingexpert.com/discussion/6580014/house-buying-renting-and-selling#latest

Uriziel

It is your share of the property. You do not need to sell it to the existing owners. Why do you not just sell it to any third party? There are all kinds of people and businesses who would be interested in buying even a share of your property and doing with it as they please.

user1977

Uriziel said:

Why do you not just sell it to any third party? There are all kinds of people and businesses who would be interested in buying even a share of your property and doing with it as they please.

They won't be any more able to "do with it as they please" than the OP is. I very much doubt there'd be any serious interest.

Bookworm105

co-owner not wanting to sell
OP not wanting to go to court to force a sale

complete and utter standstill until one of them changes their mind 
How To Force The Sale Of A Jointly Owned Property - Property Disputes

I appreciate OP does not want conflict with the co-owners, but there is no "share" of any council tax just because it is co-owned.
It is all very well not starting a conflict, but that does mean you should rollover every time someone asks for money. The resident / occupant has the highest legal liability to pay the CT, so technically you could claim a refund from the council for the "share" you have already paid. The council will then come after the occupant for any arrears. Time to stand up?

ian1246

OP, it sounds like your being taken advantage of & exploited. Paying a share of council tax despite not living there? Whoever lives there refusing to buy your share or sell the property?

Utter exploitation. You have no liabilities for the council tax unless it's unoccupied. As for refusing to sell? Why would they, since i m assuming they aren't paying you any sort of rent whilst benefitting from sole use of *your* share? Your effectively subsiding their lives by however much the rent would amount to, or alternatively, however much it would cost them in monthly mortgage payments for buying your share.

THAT is the monetary value you can place on the exploitation your currently the victim of.

I can absolutely understand your wish to be shot of the whole affair - yet they will then have reaped the rewards for their exploitative conduct. 

Can't you just go down the legal route to force a sale? Document all attempts to find a solution. Document attempts at mediation - unless we're missing something, it sounds like the ultimate outcome would go in your favour, with your costs then recoverable from their shares? 

Surely whatever £££ your share is worth could be useful for you? For your children? Loved relatives? Why shouldn't you get what is yours and let someone exploitation you.

Really hope you can get a good outcome. They sound awful.

AliciaProsecco

Thanks to everyone again for replying. No estate agent will sell one third of a property (I’ve asked) so that is not feasible. The house is nominally unoccupied but people, known to the other owners, do use it. If you own a property you are responsible for CT unless somebody is renting it. I’ve told the council other owners will pay it all but the council officer even said they will still come after me!! My solicitor has even asked the other owners to pay me rent as I am excluded from property and they refuse me a key. I am treated as a non-owner. We do not get on. They have refused all his requests. I just see myself paying out thousands over time to my solicitor, apart from any maintenance issues and even if house goes on the market it could take ages (years) to sell, even with best will in the world let alone when other parties are uncooperative.
Forcing a sale could take at least a year and then with solicitors, barristers fees, cgt, there would not be much left of the sale price. I don’t have any family so not bothered about leaving it to anyone. I don’t work, am retired and have a small pension so you can see why I don’t want to pay out thousands. I wonder if I should bite the bullet, pay a large cgt bill and not be stressed any more. Wish I could find somebody in the same situation. 

MattMattMattUK

AliciaProsecco said:

Thanks to everyone again for replying. No estate agent will sell one third of a property (I’ve asked) so that is not feasible. The house is nominally unoccupied but people, known to the other owners, do use it. If you own a property you are responsible for CT unless somebody is renting it. I’ve told the council other owners will pay it all but the council officer even said they will still come after me!! My solicitor has even asked the other owners to pay me rent as I am excluded from property and they refuse me a key. I am treated as a non-owner. We do not get on. They have refused all his requests. I just see myself paying out thousands over time to my solicitor, apart from any maintenance issues and even if house goes on the market it could take ages (years) to sell, even with best will in the world let alone when other parties are uncooperative.
Forcing a sale could take at least a year and then with solicitors, barristers fees, cgt, there would not be much left of the sale price. I don’t have any family so not bothered about leaving it to anyone. I don’t work, am retired and have a small pension so you can see why I don’t want to pay out thousands. I wonder if I should bite the bullet, pay a large cgt bill and not be stressed any more. Wish I could find somebody in the same situation. 

Why would that make any difference?

To be blunt, force the sale! Get your solicitor to write to the other other two co-ownees saying that you will be obtaining a court order to force the sale and outlining the coats to them of this. Add them to the council tax and then remove yourself.

They are being deliberately unreasonable and it appears setting out to deliberately harm you, you can either choose to lay down and take it, or you can push back. When they are faced with the potential.of a large legal bill if they refuse to cooperate you may well find that they will start behaving like adults. Failing that force the sale and whilst the costs will eat into the capital you will still end up better off than transferring and paying CGT and you will not have given them the satisfaction that their abhorrent behaviour has brought them financially gain.

Herzlos

Given it's supposedly 'empty', can you threaten to move in if they don't agree to sell or at least buy out your part?

Who's occupying it currently and what's the deal with payment/tenancy? It sounds very dodgy.

If you have evidence that it's actually occupied but claimed otherwise, then I wouldn't be paying any council tax or other bills regarding the property and let them enforce it about the occupants. If that exposes some kind of illegal setup then it's not your problem.

It sounds like any relationship with the other owners has already broken down, so you may as well go nuclear.