Simon Rothery

Registered with Property118.com
Wednesday 6th April 2016


Latest Comments

Total Number of Property118 Comments: 2

Simon Rothery

16:34 PM, 6th April 2016, About 6 years ago

Joint ownership into daughters sole name to escape CGT?

Reply to the comment left by "Mark Alexander" at "06/04/2016 - 16:25":

Mark, the buy price was 240k, the current market value is approx 370k. We three named owners have never lived there, however, my son of same surname obviously, did live there for a year but I guess that wouldn't be relevant either.
I just read Neil's link, very interesting, thanks. I need to understand the relief side better, but fundamentally the three pay same basic rate tax. Can you please give a quide to the total relief possible and what I need to do to acheive that.
Many thanks... Read More

Simon Rothery

16:15 PM, 6th April 2016, About 6 years ago

Joint ownership into daughters sole name to escape CGT?

Reply to the comment left by "Mark Alexander" at "06/04/2016 - 15:13":

Thanks Mark, pretty much what I guessed...but hoped otherwise!
Is there any other method? I.E. Pay off the mortgage first, as I see it that is the tie to being btl and once paid off it ceases to be btl....or is that not really relevant? Very open to any suggestion that could be of benefit.
Thanks
Simon... Read More