Couple getting married who each have their own property.

[Ramses V]

We are in a situation where we each had our own property when we met some years ago and we are now getting married this coming April.

We will obviously be selling one of the properties, but is there a specified time frame that we would need to have one of the properties sold by before/after getting married ?

I assume that after getting married one of the properties would change from a status of "principle primary residence" to "investment property" as and as such attract the appropriate taxes etc...

 

[rainyday]

Revenue always treat the last 12 months of ownership of any property as being your PPR (personal private residence) for Capital Gains Tax purposes, so you certainly have 12 months before this could be impacted.

 

[Ramses V]

Thanks Rainyday, that's one less worry off our list...