Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 3 weeks ago 97
Following a recent brain hemorrhage, I’ve decided to move abroad, with my husband, for health reasons. The silver lining is that hopefully I can sell my 5 rental properties with reduced CGT (up to April 15).
I had the properties valued as at April 15 but have owned them for 15 years or more and most of the gains occurred prior to April 15. So there is a significant amount of CGT, potentially.
The problem concerns our residential property. Will my part-ownership of it be seen by HMRC as a link with the UK? Will it jeopardise my CGT plan because they say I have not fully left the UK or is it purely down to number of days spent in the UK?
My husband does not want to sell the res property at present as we are already having to give up our jobs and we would not qualify for another UK mortgage now. We have a residential mortgage on it and were planning to allow my sister and niece to live in it informally. We are not now in a position to meet the criteria to change to a BTL mortgage or remortgage in any way.
I’d gladly gift my share to my husband (if you think my CGT position is at risk) but the current lender (BM Solutions) will not take me off the title and we cannot do a form 17 Declaration of Trust because we are ‘joint tenants’.
The country we know well and intend to move to is Barbados which has no CGT.
I’d be grateful for any thoughts.
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