Diogo Porfirio

Hi, I'm in the process of being bought out of a mortgage. There is a separation agreement being finalised, and they advised me to get help with the thread title. The property currently has a value of over £300k, I am only getting £30k lump sum, something that we both agree when we got the property, and we were still married. Do I have to pay any tax on this amount? Kind regards.

Hi, I'm being bought out of a property, and the agreed lump sum is £30k, much less than 50% share of the house, do I need to pay any tax on that amount?