James Whale
Joined: 6/26/2024
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RE: Capital gains tax for civil partners who choose to live apart, and each own a property.
My wife & I have just married. We have owned our own homes as PPR before marriage. We get a professional valuation of each house at the date of marriage. If we elect, within 2 years, 1 house as PPR and rent the other. When the non PPR is finally sold, can you please help me determine the allowances for CGT. Would the PPR relief on the sold home take into account the value at the date of marriage?