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Should we get married?

maggiesoup · 2025-02-15 11:02:45

My partner and I have been a couple for 20 years but still live in our own respective houses. After watching Martin's programme this week about the many advantages of marriage or civil partnerships we've discussed it. However, partner thinks as we don't live together we'd still have financial disadvantages if one of us…

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silvercar Posts: 49,513 Ambassador

15 February at 5:40PM

maggiesoup said:

Partner thinks that you can only say one of the houses is your main residence so the other, when sold if one dies, would attract some form of tax (CGT or IHT?) but i thought if we were married that wouldn't be the case?

There is no CGT on death, so the problem only occurs if one of the two homes is sold. In that case there may be a CGT liability based on how long it was the PPR of the “owner” as a proportion of the total time of ownership. Spouses acquire the purchase price, PPR and length of ownership of their spouse if they are living together in the property at time of sale.

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