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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 10401
Experience:  FCCA FCMA CGMA ACIS
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I have question about capital gain tax and marriage?

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JA: Hi. How can I help?
Customer: I have question about capital gain tax and marriage?
JA: What are the assets or property for this capital gain?
Customer: property
JA: Anything else you want the Accountant to know before I connect you?
Customer: no. Is the accountant chartered?
Customer: replied 1 year ago.
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Customer: replied 1 year ago.
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Customer: replied 1 year ago.
I understand that my fiancee needs to pay capital gain tax on a second property which she will become jont buy to let mortgage signee with myself. In order not to pay capital gain tax, do we need to get married before completing on this deal or is there a periond which we need to get married post a deal? Both of us are high rate tax payers.

Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.

It would be best if this transaction were undertaken before marriage took place.

Customer: replied 1 year ago.
OK. Surely by getting married it would allow us to transfer equity of the property without paying CGT?

Agreed, but the subsequent sale will cause complications anyway.

bigduckontax and other Tax Specialists are ready to help you

Thank you for your support.

Customer: replied 1 year ago.
Very fast and clear response. Thank you very much.

Please to have been able to help.