Gifting half the house tax liability
Discussion
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
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
Gassing Station | Finance | Top of Page | What's New | My Stuff