Dave123456 Posted August 20, 2011 Report Share Posted August 20, 2011 My wife and i own a seconed property that we have rented outfor the last seven years. we have now decided to split up and I am thinking of moving into this rented propety and useing it as my home. This would mean not renting it out anymore. Would I or my wife be lible for captail gains tax on the house now or when i sell it and move on (in several years time). Link to comment Share on other sites More sharing options...
Richlist Posted August 20, 2011 Report Share Posted August 20, 2011 It depends on if the property is owned jointly and forms part of a divorce settlement. If its mortgaged that will require consideration. If its a formal BTL then that usually doesn't allow an owner to move into it. The solicitor dealing with your separation will normally sort it all out for your. Link to comment Share on other sites More sharing options...
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