{"id":136541,"date":"2023-05-08T13:00:42","date_gmt":"2023-05-08T06:00:42","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-are-unmarried-and-plan-to-buy-a-house-but-what-about-capital-gains-tax-and-stamp-duty\/"},"modified":"2023-05-08T13:10:50","modified_gmt":"2023-05-08T06:10:50","slug":"we-are-unmarried-and-plan-to-buy-a-house-but-what-about-capital-gains-tax-and-stamp-duty","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-are-unmarried-and-plan-to-buy-a-house-but-what-about-capital-gains-tax-and-stamp-duty\/","title":{"rendered":"We are unmarried and plan to buy a house but what about capital gains tax and stamp duty?"},"content":{"rendered":"


\nI 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 \u00a3300,000) when her parents died, whereas I own my own property (worth \u00a3600,000), 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 \u00a3140,000. 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…
\n
\nSource : theguardian.com
\nRead more…We are unmarried and plan to buy a house but what about capital gains tax and stamp duty?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I own a property, which is in a family probate trust, and she inherited one,...<\/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-136541","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-zwh","jetpack-related-posts":[{"id":30829,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-inherited-a-house-from-my-late-husband-will-i-pay-cgt-if-i-sell-it\/","url_meta":{"origin":136541,"position":0},"title":"I inherited a house from my late husband \u2013 will I pay CGT if I sell it?","date":"October 20, 2016","format":false,"excerpt":"\r It has been rented out for a few years and I\u2019m not sure if I should move back in to reduce my tax billQ My husband bought a property in 2000 in his sole name. In 2002 we got married and in 2005 we went to live abroad. While\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105369,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-need-to-sell-my-fathers-cottage-what-tax-do-i-pay\/","url_meta":{"origin":136541,"position":1},"title":"I need to sell my father\u2019s cottage \u2013\u00a0what tax do I pay?","date":"March 25, 2019","format":false,"excerpt":"\r I\u2019m the sole beneficiary under his will and I\u2019m not sure if I need to to register it as my second homeQ I recently inherited my father\u2019s cottage as sole beneficiary under his will; probate was completed on 7 February 2019. Reluctantly, I have decided to sell the cottage.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-siblings-and-i-inherited-a-house-will-we-be-liable-for-stamp-duty\/","url_meta":{"origin":136541,"position":2},"title":"My siblings and I inherited a house, will we be liable for stamp duty?","date":"June 24, 2019","format":false,"excerpt":"\r The house is probably worth \u00a380,000 to \u00a390,000, but three of us already own propertyQ My three siblings and I inherited property from my great-aunt after she died in 2006. It\u2019s a tiny cottage in Wales, with one bedroom, one living room, a small kitchen and a small bathroom.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5180,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-plans-huge-rises-in-probate-fees-charged-after-death\/","url_meta":{"origin":136541,"position":3},"title":"Government plans huge rises in probate fees charged after death","date":"February 19, 2016","format":false,"excerpt":"\r A new system could see some pay \u00a320,000 when left estates worth more than \u00a32m by a deceased relativeThe government is planning huge rises in the probate fees charged when an individual dies and leaves property to their relatives in a bid to raise an additional \u00a3250m a year.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51086,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/trusss-plan-to-increase-probate-fees-may-not-be-legally-enforceable\/","url_meta":{"origin":136541,"position":4},"title":"Truss\u2019s plan to increase probate fees may not be legally enforceable","date":"April 6, 2017","format":false,"excerpt":"\r Report suggests Ministry of Justice may not have the authority to introduce the charges of up to \u00a320,000 per estateGovernment plans to raise \u00a3300m by increasing probate fees \u2013 payable when claiming inheritances \u2013 may not be legally enforceable, a parliamentary committee has said. A report by the joint\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6160,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-time-to-raise-inheritance-tax-not-probate-fees\/","url_meta":{"origin":136541,"position":5},"title":"It\u2019s time to raise inheritance tax \u2013 not probate fees","date":"February 27, 2016","format":false,"excerpt":"\r The proposed increases are staggering \u2026 pay \u00a3300 if the estate is in Hull, \u00a34,000 if it\u2019s in HackneyIt\u2019s a new \u201cdeath tax\u201d for \u201cgrieving families\u201d. It\u2019s an \u201castronomical\u201d blow for the \u201cbereaved\u201d. The government is proposing a sharp rise in probate fees on larger estates, which has sent\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\/136541"}],"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=136541"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/136541\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=136541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=136541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=136541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}