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Hello and thank you for allowing me to assist you.
You don’t pay SDLT if you transfer an interest in land or property to your partner as part of an agreement or court order because you’re either:
This also applies if the partners either:
Do it prior to splitting though
YOU need not "pay" any amount for the property. This is just your property you are taking out of the business.
Still no sdlt
Transfers of assets between other persons do not escape capital gains tax. For example, a transfer between a brother and sister or between common-law spouses is treated as a disposal for capital gains tax and taxed just like an open market sale.
Of course I am assuming there ii no mortgage
You are most welcome.A 5 star positive rating would be appreciated
The amount left on mortgage is now the SDLT amount just as if sold for that