Property News · May 8, 2023

We are unmarried and plan to buy a house but what about capital gains tax and stamp duty?


I own a property, which is in a family probate trust, and she inherited one, and we aim to sell them and use the proceedsQ My partner and I intend to buy a property and move in together. She inherited a property 20 years ago (worth £300,000) when her parents died, whereas I own my own property (worth £600,000), which is in a family probate trust for my two children (my wife died four years ago). I also own a flat bought in 1996 for my son while at university, which is now let out to tenants and worth £140,000. We are retired with no mortgage and plan to buy our joint home with the proceeds of the sale of both of our residential properties. It makes sense to us for her to move in with me and sell her house first, giving us time to search for a joint property while putting mine up for sale.Where do we stand in terms of capital gains tax, stamp duty and house purchase if we are not married and not in a civil partnership? What is the correct way forward financially? Please advise.RL Continue reading…

Source : theguardian.com
Read more…We are unmarried and plan to buy a house but what about capital gains tax and stamp duty?

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