thomas1234
Registered User
- Messages
- 27
i own a property jointly with my brother.
it is his primary residence, with his wife and child. they've lived there for years.
we want to sell, and them to buy a larger house with the proceeds.
is there any way for my half of the house to be transferred to him without incurring massive cgt? i don't want anything from the house, he's paid the mortgage from the start, it's his place in everything but on paper. (family reasons why my name was on the mortgage....)
alternatively, if we sold it and i went on the mortgage of the new place, could i roll over the money into the new place?
cheers.
it is his primary residence, with his wife and child. they've lived there for years.
we want to sell, and them to buy a larger house with the proceeds.
is there any way for my half of the house to be transferred to him without incurring massive cgt? i don't want anything from the house, he's paid the mortgage from the start, it's his place in everything but on paper. (family reasons why my name was on the mortgage....)
alternatively, if we sold it and i went on the mortgage of the new place, could i roll over the money into the new place?
cheers.