UK Capital Gains Tax - Divorcing

Joined
Dec 7, 2020
Messages
1
Reaction score
0
Country
United Kingdom
Hi

Property 1
Year 2001
Market value 64000
Discount received 29440
Purchase property in 2001 for 34560

Property remortgaged in December 2004 for 130,000
We vacated the property in 2004 and I moved back into the property as my main residence in 2018
Current Mortgages 130000
Current Value 300000

Property 2
Year 2004
Purchase Price 250,000
Current Mortgages 195000
Current Value 550000
My ex-wife live in the property with my daughter and it is their main property


We are currently going through a divorce where she will most likely keep the house as her main property and I will most likely keep the flat as my main Property.

The question are:
• will either of us have to pay capital gains tax?
• What property would we have to pay it on?
• How much would it be?
• Is it payable if or when we sell it?

Cheers
Bash
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,666
Messages
27,639
Members
21,470
Latest member
Batty

Latest Threads

Top