Quizzes & Puzzles6 mins ago
Settlement and investment advice please.........
5 Answers
I am due to sign over my house to my husband as we seperated a few years ago. We have agreed that I will receive a share of the equity of my house and I have this in writing from his solicitor along with a ID1 form to complete. The sum is £37500,
Will I have to pay anything to the taxman for this ?? (I work full time - dont claim any benefits). No children involved.
Where would be the best idea to invest the money ??
Will I have to pay anything to the taxman for this ?? (I work full time - dont claim any benefits). No children involved.
Where would be the best idea to invest the money ??
Answers
Capital gains from your principle private residence in the UK (the house you lived in) are not subject to capital gains tax. So provided you were both named on the title deeds of the property (and I assume you were as you refer to signing over) there is no liability for tax.
Regarding where to put the money, you talk about investing it rather than depositing...
09:29 Thu 09th Feb 2012
Capital gains from your principle private residence in the UK (the house you lived in) are not subject to capital gains tax. So provided you were both named on the title deeds of the property (and I assume you were as you refer to signing over) there is no liability for tax.
Regarding where to put the money, you talk about investing it rather than depositing it in a bank/BS. Since one has to registered with the FSA to give investment advice, I'm sorry but I can't comment.
Regarding where to put the money, you talk about investing it rather than depositing it in a bank/BS. Since one has to registered with the FSA to give investment advice, I'm sorry but I can't comment.
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