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JGM, Solicitor
Category: Scots Law
Satisfied Customers: 12180
Experience:  30 years as a practising solicitor.
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My wife and I jointly own a second property which we let out. I

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My wife and I jointly own a second property which we let out.
I own the family home,would I be better off signing over my share of the second property
to my wife before we sell it.
Thank you for your question.

I'm not sure why you you would want to do that. If you sell it in joint names then you would both be able to use your capital gains tax personal allowances in connection with the transaction which would minimise any tax liability on the profit.

Happy to discuss further if there is any particular reason you thought that transferring the house first would be of benefit.

I hope this helps. Please leave a positive response so that I am credited for my time.
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