Leah Edmunds
Joined: 8/14/2024
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Tax Implications of selling to husband after separation.
I separated from my husband in February. We came to an informal agreement. As part of that he is buying the matrimonial house from me (which I owned solely as when we bought he had poor credit) and I am gifting a portion of the equity to him to settle finances between us. After reading things I am under the impression I will not be liable for capital gains for either the gift or the sale but my conveyancer has told me to get tax advice. I don't want to spend money on tax advice if I am right. Can anyone help?