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Karenp wrote on Sun Jun 19, 2022 5:03pm:
I wish to buy my husband out of our property this way I give him half the value of the property - do I pay taxes doing this? Alternatively, we go ahead and selling the propery but he is telling me that I would have to pay all the Capital Gains Tax and I am 63 and he is 73 so he says he is exempt ...
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...from taxes - is this true. I have had an agent around and am making an appointment to see Zamora who did out wills as I want to remove him from getting my half on my death and then PALS to get their advice on best way forward. Any advice would be much appreciated. Thank you Karen
it may be worth you reading this article regarding division of property it states that no capital gains tax should be paid.
Hope you resolve your situation tha cheapest way possible
