I have a mortgage with my partner, which we intend to pay off at the beginning of next month. The payment to the mortgage provider will be a single lump-sum payment made from my partner's UK current account.
We will each contribute 50% to the payment, but I will transfer my half of the money (around £70,000) to my partner's current account (from my UK current account) so that she can then make a subsequent single payment from her account to the mortgage provider for the total amount (around £140,000).
Are there any tax implications (either for myself or my partner) to transferring this money to her account? The transfer is not intended as a gift, but as my contribution to the payment of a mortgage.