Divorce and Transfer Of Assets For Tax Planning PurposesMake Text Bigger
I hope you will not mind me posting anonymously but you will understand when you read my question.
I read with interest on Property118 that a landlord can transfer a percentage of ownership of a property as well the tax liabilities accruing to that percentage to a spose without incurring Stamp Duty, capital gains tax and without refinancing.
This is something which is of interest to me because I am a higher rate tax payer whereas my spouse earns just £16,000 a year.
However, I haven’t been married for very long and I am worried about what would happen in the event of a marriage break up if I transfer the bulk of my assets to my spouse.
I have worked hard for what I have got and cannot afford for what is intended to be my pension and my childrens inheritance to be lost.
Can anybody tell me what the position is in this regard please?
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