Thanks V. Yes, all UK. We lived in from Jun 2003 - Jan 2012 and rented it since then.
Sell now then About 1.5 years out of 12 for CGT before reliefs. Take gross gain (net sales less net purchase) multiply by 1.5 divided by 12. Owned jointly so half in each return OD and W. Each half treat separately. Look to letting relief. Then annual CGT allowance.
You move back in then your half continues to get PPR, say you live there until 2019 then your CGT portion is 3 out of 16. W half 5.5 out of 16. Letting relief also applies then annual allowace.
Buy W out in tax year of separation no CGT for W (no gain no loss rules between H and W.) you inherit CGT cost of W. Buy W out in later tax year, W pays own CGT and her half is then 100% CGT free for you as you acquired half as PPR and her half PPR throughout as you live there.
V
Last edited by Vanilla; 01/30/1509:41 PM.
Freedom is just another word for nothing left to loose. V 64, WAW
