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Posted Tue, 23 Jan 2024 23:17:33 GMT by
I am in the final stages of divorce having had a very lengthy process to reach financial settlement. At the point the divorce concludes I will be paying my ex husband £50k in exchange for full equity in what was our marital home. This payment will be funded by a new mortgage being taken out with my new partner. He currently owns no property but has funds from a sale of a house last year, which we’ll be using to contribute to a deposit for the remortgage arrangement. The house has been valued at £400k and we will be securing a mortgage for £220k Given levels of equity already in the house and my new partners deposit contributions we have agreed to divide the property equity as follows: 67.5% in my favour c£121.5k and my partner then taking equity for the remaining £58.5k. Does this give rise to any capital gains from my partners perspective?
Posted Fri, 26 Jan 2024 14:15:40 GMT by HMRC Admin 25
Hi Ugibbs,
No, as nothing has been sold as yet.
Thank you. 

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