{"id":129300,"date":"2022-09-05T13:00:09","date_gmt":"2022-09-05T06:00:09","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-sell-my-rental-flat-to-buy-out-my-partner-from-the-house-we-bought-together\/"},"modified":"2022-09-05T13:19:20","modified_gmt":"2022-09-05T06:19:20","slug":"should-i-sell-my-rental-flat-to-buy-out-my-partner-from-the-house-we-bought-together","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-sell-my-rental-flat-to-buy-out-my-partner-from-the-house-we-bought-together\/","title":{"rendered":"Should I sell my rental flat to buy out my partner from the house we bought together?"},"content":{"rendered":"


\nI fear I face capital gains tax bill of \u00a3100,000 or more if I sell it without living back in it for two yearsQ My partner and I are splitting up, sadly, but amicably, after 12 years together. We have two children, aged eight and six. The issue has become how we afford the new living arrangements without uprooting the kids from the area, and their friends and school. We want to share custody and stay where we currently live. At present, we rent a flat for her while I stay in the house we bought together. We are both happy with this arrangement as are the kids. Our joint account pays for the rent and the mortgage until we can organise the long-term solution \u2013 worked out at the separation service Relate \u2013 which is for me to buy her out. But because the area where we live is becoming increasingly pricey, this could be a financial struggle. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should I sell my rental flat to buy out my partner from the house we bought together?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I fear I face capital gains tax bill of \u00a3100,000 or more if I sell...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-129300","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xDu","jetpack-related-posts":[{"id":122359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-partner-says-selling-the-house-i-rent-out-would-be-a-bad-idea-is-it\/","url_meta":{"origin":129300,"position":0},"title":"My partner says selling the house I rent out would be a bad idea. Is it?","date":"October 4, 2021","format":false,"excerpt":"\r He does not like it and we jointly bought a property nearby but I want to downsize in five yearsQ I own a house in Leeds, which I loved living in for several years. When I got together with my partner, however, he didn\u2019t. So I let the house\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11082,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/help-to-buy-rules-mean-i-cant-rent-out-my-flat\/","url_meta":{"origin":129300,"position":1},"title":"Help-to-buy rules mean I can't rent out my flat","date":"April 21, 2016","format":false,"excerpt":"\r I want to move to my partner\u2019s house but my mortgage terms prevent me from leasing my flat out. What can I do?Q: I have a problem. I bought my flat in Manchester in June 2014 with an equity loan from the help-to-buy scheme. I met my partner in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124569,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-sell-or-rent-out-my-flat-as-it-would-not-suit-our-needs-if-my-partner-moved-in\/","url_meta":{"origin":129300,"position":2},"title":"Should I sell or rent out my flat as it would not suit our needs if my partner moved in?","date":"February 14, 2022","format":false,"excerpt":"\r We might rent a property together, so I could have equity for a future purchase or become a landlordQ I am nearing the end of the fixed-rate deal for the mortgage on my flat. My partner and I are planning on moving in together sometime in the next 12\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137434,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-have-to-switch-to-a-buy-to-let-mortgage-for-a-six-month-sabbatical\/","url_meta":{"origin":129300,"position":3},"title":"Will I have to switch to a buy-to-let mortgage for a six-month sabbatical?","date":"June 19, 2023","format":false,"excerpt":"\r We\u2019re planning a six-month trip so I\u2019d like to rent my flat out while away to cover the billsQ I bought my flat a little over a year ago, and have recently agreed to take a sabbatical with my partner. We\u2019re planning to be out of the UK for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-have-to-pay-capital-gains-tax-when-i-sell-my-flat-because-i-had-two-lodgers\/","url_meta":{"origin":129300,"position":4},"title":"Do I have to pay capital gains tax when I sell my flat because I had two lodgers?","date":"August 16, 2021","format":false,"excerpt":"\r I have rented out two rooms in my property for several years and the mortgage is paid offQ I\u2019ve been renting out two rooms in my flat in Devon for several years but am now thinking of selling it. The rent has always been below the rent-a-room threshold of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-sell-or-rent-out-our-cornish-seaside-flat-to-be-nearer-the-grandchildren\/","url_meta":{"origin":129300,"position":5},"title":"Should we sell or rent out our Cornish seaside flat to be nearer the grandchildren?","date":"February 21, 2022","format":false,"excerpt":"\r We can\u2019t decide whether we should rent the property out long term or as a holiday let, or maybe even sell itQ Seven years\u2019 ago \u2013 aged 60 \u2013 we downsized and bought a small flat by the Cornish seaside for \u00a3135,000 in cash.We have found we are too\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/129300"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=129300"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/129300\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=129300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=129300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=129300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}