Taxs on buying other half out of property or selling property
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 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