partner buying % of my house
Discussion
hi my partner has lived with me for 18 months, we arent married. For the last 14 months she has rented her house out but is selling it (shes owned it for 4 years and previously lived in it 2.5 years) She wants a 50% split in my house that ive owned for 2 1/2 years - she is going to have to pay £200k, £100k off mortgage and give me a £100k cash.
We are just working out some figures. As i understand it, she will be liable for stamp duty on the part she buys of my house? (2% over £125k)
Am i/we liable for CGT or any other nasty gotchas?
cheers!
We are just working out some figures. As i understand it, she will be liable for stamp duty on the part she buys of my house? (2% over £125k)
Am i/we liable for CGT or any other nasty gotchas?
cheers!
RacerMDR said:
tight fart said:
Instead of getting married will you start a limited company instead?
makes much more sense than an outdated ritual Thanks for pointers so far - yes we are getting a division of equity drawn up. She is also paying a life insurance policy on my half so if i pop my clogs my kids get my % inheritance and she wont have to sell the house
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