stephanie_mccahill McCahill

Thank you, that’s really helpful. Just an additional question, the family home was a deed of gift to me and my sister a number years ago, from a parent who has now died. My sister signed over her share to my husband some years ago. So my husband and I didn’t buy the house as such. As there is no acquisition value as such, how does this change your advice above?

Due to marriage separation my ex and I are selling the family home. I would like to buy another home, which will be my main residence, before the family home sells (where my ex lives). This is likely to complete before the family home sells/completes. Can you advise if I would be liable for Capital Gains Tax on the sale of my family home if this completes after I have moved into my second home. Thanks.