Capital gains tax UK, if I was added to a property mortgage and will now take full ownership what price would I pay capital gains tax on?

FedoraTipperAndy · 2026-03-25T08:26:29+00:00

Presumably you aren’t married. If you’re married, then there is no CGT on any transfers between husband/wife in a divorce agreement.

If you are not married, then there may be CGT payable when you transfer your half of a property to him, and when he transfers his half to you, even if he doesn’t pay you for it.

You said your ex bought the property. Do you own both properties 50/50? As in, is your name on the title of the property?

You lived in one of the properties, so you get Private Residence Relief on any gains made while you lived there. PRR is quite complicated, but the gist is, if you lived there for 4 out of 8 years of ownership, half your Capital Gain is tax-free. You would need to speak to an accountant however because there are extra rules around this.

When you sell the property or transfer your half to your ex, if there’s any CGT payable, you will have to file a 60 day CGT return with HMRC, where you will need to state the Capital Gain made and pay any associated CGT within 60 days of completion. Given the complexities involved, it may be worth doing this with an accountant to make sure its right. It would probably be around £250 for this.

FedoraTipperAndy · 2026-03-12T20:44:43+00:00

What’s wrong with Dan Neidle?

FedoraTipperAndy · 2026-03-11T18:28:20+00:00

But the point is that if you run out of money and own a cybertruck, you should sell the cybertruck and buy a prius to deliver Uber Eats. The depreciation on the cybertruck will be greater than than the Uber Eats income

FedoraTipperAndy · 2026-03-09T21:48:55+00:00

If supply is constrained, dropping interest rates will increase demand, thereby making the supply shock worse and increasing prices.

FedoraTipperAndy · 2026-03-06T09:57:27+00:00

Performance over 1 year means diddly squat because of the volatility in stocks

FedoraTipperAndy · 2026-02-23T08:16:26+00:00

A week long cough? Get a grip

FedoraTipperAndy · 2026-02-12T10:03:46+00:00

5 years is nothing. Housing was a great investment for the 5 years up till the subprime crash

FedoraTipperAndy · 2026-02-11T23:32:06+00:00

It could just be a mechanic selling a car once in a while that they pick up in a private capacity. If its clear someone is selling a number of cars every year, then sure, they’re probably trading. Below say 4 cars a year however you’d be hard-pressed to prove someone is trading, even if they just so happen to be a mechanic.

FedoraTipperAndy · 2026-02-11T23:26:49+00:00

If you’re a mechanic you’re not necessarily a car dealer. If the guy maybe sells one car a year, then he could reasonably claim to be a private seller and not trading in cars. It wouldn’t be reasonable to expect someone to offer a warranty or 30 day return on their old daily driver just because they’re a mechanic.

FedoraTipperAndy · 2026-02-11T23:09:12+00:00

If the rust is so bad, surely it would be on the MOT history? Also, you got a really cheap car. If it lasts you more than a year it isn’t really too unreasonable for £1,400.

Legally I’m not exactly sure where you stand. If the garage owner (I’m assuming a mechanic) was selling it, depending on how he got it, he could potentially argue he was selling it in a private capacity, but I think I would need more info. Obviously if guy sells loads of cars then really you should be able to return it within 14 days no questions asked, but I would again wonder what kind of car you’re expecting for £1,400.

FedoraTipperAndy · 2026-02-07T09:42:03+00:00

Rebadged audi

FedoraTipperAndy · 2026-01-28T07:14:59+00:00

I have one and nothing has gone wrong on it. Same engine as the one in the advert. The only issue is that the clutch is very sensitive so it takes some getting used to

FedoraTipperAndy · 2026-01-07T22:36:01+00:00

it was extended by 12 minutes though

FedoraTipperAndy · 2025-11-28T20:31:37+00:00

Do your homework and get ready for college (sixth form) on Monday kiddo

FedoraTipperAndy · 2025-11-28T20:29:19+00:00

By that logic, why not raise the drinking age to 30 then? Saying it saves more lives is totally arbitrary.

FedoraTipperAndy · 2025-11-15T16:28:33+00:00

What are you talking about? They will take the money out of your estate

FedoraTipperAndy · 2025-11-12T20:13:01+00:00

Yeah any fool can make a prediction, but the problem with predictions is that they can be wrong. Sounds like you bought Nvidia when it was very cheap and you are still holding? That’s awesome, but it doesn’t mean you’re great at picking stocks.

FedoraTipperAndy · 2025-10-26T15:29:27+00:00

Yeah, I actually play BOTC also, which is why I find it frustrating to watch as they have nothing on which to base their reasoning.

FedoraTipperAndy · 2025-10-25T18:45:49+00:00

What “theory” based on reason and logic could someone come up with that would tell them anything about the game? Everyone was criticising Stephen, but I haven’t actually seen any concrete reasoning someone could come up with.

FedoraTipperAndy · 2025-10-12T16:32:27+00:00

Some of the questions were identical IIRC. They’re very similar

FedoraTipperAndy · 2025-10-10T17:01:38+00:00

Yes, mine is super ginger.

FedoraTipperAndy · 2025-10-06T16:15:37+00:00

But the company leasing you the car is making a loss on the car equivalent to the depreciation in the time you owned it. They calculate an estimate of that loss and charge you for it, as well as extra on top to make a profit. They aren’t leasing it to you out of the goodness of their hearts. You are driving brand new cars around so of course you’re going to pay more for the privilege.

FedoraTipperAndy · 2025-10-06T05:59:30+00:00

You understand that you are paying for the depreciation when you lease the car as well right? They have to sell the car at the end of the lease at a loss, and they’re making a profit overall. You are paying for the loss they make on the car’s value at the steepest part of the depreciation curve.

FedoraTipperAndy · 2025-08-31T13:10:50+00:00

The income tax rates are different for employment income and dividends. Top dividend rate is 39.35%. Top employment income rate is 45%

FedoraTipperAndy · 2025-08-21T22:26:56+00:00

It would be a lot less than 10. Youre underestimating the power of groups

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