2006-07-13 01:05:05 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
capital gains occur when you sell a property. Transfer or change of ownership through gift is not a sale & therefore you need not worry about capital gains but be happy with your husband & give him a nice hug...........
2006-07-13 01:10:54 · answer #1 · answered by GABBAR 1 · 2⤊ 0⤋
capital gains tax is to be paid if any profit is made on the tranfer of property by the owner,i guess he has tranferred the property without any payment(& u live together) & by the way he has transferred the property, why will u have to pay the tax?
2006-07-13 08:18:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
CGT does not apply when property changes hands as a result of death exempt from CGT is your main private residence. Inheritance tax does not apply between spouses (man & wife).
2006-07-13 09:11:44 · answer #3 · answered by MSMORTGAGE 3 · 0⤊ 0⤋
if he dies in the next 7 years then yes ull pay some
if the property value is over £285000
2006-07-13 08:08:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you're in Scotland, he can't do it.
If you're not, there is no CGT payable on your primary dwelling. £285k is the Inheritance Tax threshhold, nothing to do with CGT, and again, it doesn't apply until you're both dead.
2006-07-13 08:12:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Lady was it not beater if you have consulted your own husband who is pouting his property on your name.
2006-07-13 08:11:12 · answer #6 · answered by lucky s 7 · 0⤊ 0⤋