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Posted Fri, 29 Dec 2023 15:28:20 GMT by
Hello, I am currently going through divorce proceedings, and my wife and I have agreed to defer the sale of the family home that we jointly own until our children leave home in about 10 years' time, and to split the proceeds of the sale at that point. In the meantime, I will move into my own rented property while my ex-wife lives in the family home with our children. We have also agreed that the deeds of the property will be signed into my wife's name when we divorce. It is likely that when we sell, the value of the property will be higher than when we purchased it about 15 years ago, so there is likely to be a 'capital gain'. My question is: could I be liable to pay capital gains tax as a non-occupying party when the house is sold or not? And if so, how would I find out more about this? Many thanks
Posted Tue, 09 Jan 2024 12:45:55 GMT by HMRC Admin 5 Response
Hi

HMRC cannot comment on future events as legislation may change.

Thank you

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