Rob King

Registered with Property118.com
Thursday 7th December 2017

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 2

Rob King

17:47 PM, 8th December 2017
About 3 years ago

Divorce and GGT outside of the 12 month exemption

Reply to the comment left by Neil Patterson at 08/12/2017 - 10:55
One further question....

Our decree Absolute was in April 2017. Therefore if we make the transfer before April 2018 does the exception still apply?

Thank you.... Read More

Rob King

17:44 PM, 8th December 2017
About 3 years ago

Divorce and GGT outside of the 12 month exemption

Reply to the comment left by Neil Patterson at 08/12/2017 - 10:55Hi Neil,
Thanks for your feedback on this issue, much appreciated.
Please could you clarify what you mean by this:
The couple stay ‘connected’ for CGT until the date of the decree absolute, so any transfers after the first 12 months of separation are tax treated as sales at market value"
What do you mean by 'the couple stay connected'? Are you saying transfers after the decree absolute are liable are treated as a sale and therefore full CGT applies?
Many thanks, Rob... Read More