Gifting half the house tax liability

Gifting half the house tax liability

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Zippyworld

Original Poster:

796 posts

185 months

Thursday 29th September 2016
quotequote all
My missus wants to give me half ownership of our house. We are not married.
We have lived together for 15 years and have two dependant kids.
There is £100k left on the mortgage. Its value is £650k.
The mortgage is in her name.

The question is will either of us be liable to pay any tax if we do this ?

I realise that we will speak with a solicitor and the mortgage lender, but first shout is the taxation rules.

Advice would be greatly appreciated

Zippyworld

Original Poster:

796 posts

185 months

Thursday 29th September 2016
quotequote all
I have had more helpful answers, thanks anyway.