Paul Hawkins

Registered with Property118.com
Thursday 26th February 2015


Latest Comments

Total Number of Property118 Comments: 25

Paul Hawkins

10:56 AM, 31st October 2020
About 4 months ago

How do I transfer ownership of my rental house into my wife's name?

Neville,

Please think carefully before doing this, and seek professional advice either using Property118 team or your own solicitor/accountant. From your post, what you seem to want to achieve is to limit your tax liability on the income from the BTL?

I believe that you can do this by keeping ownership of the property to yourself, and then making your wife a beneficiary of the income.

I did exactly what you are proposing about 10 years ago, and I'm now going through a divorce. At the time, I was warned about this, and like many others thought it will never happen to me.

Can't recommend enough getting proper advice from someone like property118 team as they have access to professionals that really understand property law and taxation - not all advisors are equal.

Best wishes... Read More

Paul Hawkins

16:33 PM, 27th August 2020
About 6 months ago

CGT Mitigation after separation?

Reply to the comment left by Beaver at 27/08/2020 - 11:44
Beaver,
Thanks for your detailed respose.
Yes, ultimately an amicable agreement that serves both our interests would be the most favourable outcome . . . .

However, divorce settlements from what I gather often get messy, and one party or more can end up loosing sight of the end game in order to point score against the other.

Thanks again for your contribution.... Read More

Paul Hawkins

16:29 PM, 27th August 2020
About 6 months ago

CGT Mitigation after separation?

Reply to the comment left by Gameplan at 26/08/2020 - 19:01
Hi Gameplan,

I think sale of properties will be inevitable in order to fund 2 independent households following divorce.... Read More

Paul Hawkins

16:27 PM, 27th August 2020
About 6 months ago

CGT Mitigation after separation?

Reply to the comment left by Mark Smith (Barrister-At-Law) at 26/08/2020 - 10:17
Thank you Mark. I will read through the information provided in your link... Read More

Paul Hawkins

16:26 PM, 27th August 2020
About 6 months ago

CGT Mitigation after separation?

Reply to the comment left by Neil Patterson at 26/08/2020 - 09:09
Thank you Neil, I will research following the links supplied.... Read More