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Clare
Clare, Solicitor
Category: Law
Satisfied Customers: 33953
Experience:  I have been a solicitor in High Street Practice since 1985 with a wide general experience.
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I have a 30% share in a commercial property as does my husband.

Resolved Question:

I have a 30% share in a commercial property as does my husband. the total value is about £500000, no mortgage. If we divorce can I sign over to him my 30% in exchange for his share of our house (value approx £300000) which we own jointly, without any tax implications?
Submitted: 1 year ago.
Category: Law
Expert:  Clare replied 1 year ago.
Hi
Thank you for your question.
My name is ***** ***** I will do my best to help you
Provided it is part of a Consent Order then there should be no tax implications
Please ask if you need further details
Clare
Customer: replied 1 year ago.
sorry for the delay, i have been unwell.
we had not planned on using solicitors unless absolutely necessary,just a separation agreement. the commercial property will likely be sold in the next 5 years, I was really wondering when a sale went through would your answer still apply?
Expert:  Clare replied 1 year ago.
When do you intend to divorce/
Customer: replied 1 year ago.
within the next 12 months
Expert:  Clare replied 1 year ago.
Provided it is done within the Financial Order within Divorce Proceedings and the Transfer and Order are in the same financial year then all will be well
Clare, Solicitor
Category: Law
Satisfied Customers: 33953
Experience: I have been a solicitor in High Street Practice since 1985 with a wide general experience.
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