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Buy to Let Advice

Posted by Simon1011 
Buy to Let Advice
March 18, 2022 11:06PM
Hi and thank you for a great for a great forum..

Me and my wife are considering divorce.

We have 2 property's one main residence in both our names and a buy to let flat in my name .

We have amicably discussed potentially me taking on the main residence and my wife taking on the buy to let all being well with affordability checks and changing the mortgage over to a residential mortgage for her.

My question is would there be any capital gains tax if we did this?

Thank you so much and keep well

Simon
Re: Buy to Let Advice
March 19, 2022 11:49AM
You really need to speak to an accountant about capital gains tax but so far as I am aware there would be no capital gains tax consequences as a result of doing this. However, please note that for this to be true any such transfer has to take place within a certain period of time after separation (if at some point you do separate).
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