Transfer of Equity - Capital gains?
Discussion
Separating from my O/H (not married) and potentially buying out her share of the property.
We bought it as tenants in common unequal split
House has appreciated in time together at least 40k, it is/was our sole residence
Could capital gains apply to either of us (she would be selling her equity to me) or possibly in the future when I come to sell the house as a 100% owner
Equally the internet seems vague but looks like SDLT might apply in some cases. How do they determine chargeable value?
We bought it as tenants in common unequal split
House has appreciated in time together at least 40k, it is/was our sole residence
Could capital gains apply to either of us (she would be selling her equity to me) or possibly in the future when I come to sell the house as a 100% owner
Equally the internet seems vague but looks like SDLT might apply in some cases. How do they determine chargeable value?
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