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Posted Sun, 29 Sep 2024 16:08:56 GMT by James Pinner
My ex-wife and I own a property where she resides with our children, We are joint tenants, I wish to be removed from the title deeds so my ex-wife has full ownership, no money will be exchanged. Is Capital Gain Tax applicable?
Posted Tue, 08 Oct 2024 09:55:29 GMT by HMRC Admin 18 Response
Hi,

Possibly.  Please have a look at helpsheet HS281 Capital Gains Tax civil partners and spouses (2024)

You may need to look at the helpsheet for an earlier year, as the rules changed on 6 April 2023.  If this property was your main residence for a period of time, you also have private residence

relief to set against any gain:

HS283 Private Residence Relief (2024)

Thank you.

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