Capital Gains Tax Mitigation QuestionMake Text Bigger
One of our properties becomes vacant next month and I am very tempted to sell it. It has at least £50k equity in it and would nicely fund some opportunities in 2014 without affect our cash flow too much.
The property is just in my name.
If I put it in joint names with my wife, is this a perfectly legitimate thing to do in order to wipe out any CGT liability?
No other taxable gains for the current tax year.
Also, is it a very straight forward thing to do?
What is the mortgage lender’s criteria for allowing the move to joint names?
Finally how long would it take to process?
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