Mitigation of Capital Gains and Payment and Indemnity of Capital Gains

Hi, I'm in the process of being bought out of a mortgage. There is a separation agreement being finalised, and they advised me to get help with the thread title. The property currently has a value of over £300k, I am only getting £30k lump sum, something that we both agree when we got the property, and we were still married. Do I have to pay any tax on this amount? Kind regards.

Hi,

You have not provided enough detail about the buy out transaction for us to confirm whether or not there is any Capital Gains Tax liability. For clarification, you may wish to use our Capital Gains tax calculator here:        

Tax when you sell property 

Thank you.