Martin Wardle

Registered with Property118.com
Wednesday 17th June 2015


Latest Comments

Total Number of Property118 Comments: 6

Martin Wardle

18:13 PM, 17th April 2017, About 5 years ago

CGT on a transferred asset between husband and wife

No worries. So long as the correct answer was gotten in the long run.... Read More

Martin Wardle

16:06 PM, 17th April 2017, About 5 years ago

CGT on a transferred asset between husband and wife

If post separation and in the following tax year then it's a very simple and more importantly practically free answer...

Curious thread handling however Mark... putting random unrelated questions into the thread without the the info is something you don't often see...... Read More

Martin Wardle

9:06 AM, 17th April 2017, About 5 years ago

CGT on a transferred asset between husband and wife

Reply to the comment left by "Mark Alexander" at "17/04/2017 - 00:22":

In the year after separation there is no husband wife exemption but that's a different topic altogether.... Read More

Martin Wardle

0:11 AM, 17th April 2017, About 5 years ago

CGT on a transferred asset between husband and wife

Reply to the comment left by "Robert " at "16/04/2017 - 15:25":

Agree about transfer of reliefs.

If transferred to joint and still used a PPR a spouse can inherit past occupation but not in point here so whether Mr had relief or not is not relevant.... Read More

Martin Wardle

0:05 AM, 17th April 2017, About 5 years ago

CGT on a transferred asset between husband and wife

Agree with Robert in never taking advice from a forum.

Disagree a valuation can be used unless owned before March 1982 or if non resident and only taxing gain after rules changed.

Straight from pretty much page 1 of the guides...

"if you have not always lived in your home, other than allowed periods of absence, multiply the total gain by a fraction equal to the period you actually lived in the dwelling house plus any allowed periods of absence plus any part of the final 18 months not covered by actual occupation or allowed period of absence, divided by the period of ownership – that part of the gain will be exempt"

In other words the gain arises straight line (ignores peaks and troughs over ownership).

Only other time a valuation on letting commencing is relevant that I can think of is for when it is first let and determining allowable financing costs on a remortgage.... Read More