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Tax on sold home owned solely by me

Do I have to pay a tax on home I have just sold belonging solely to me. I have just married in 2016 and am told that we are now classed as one even though my wife's name is not on my title deeds . We hope to buy a house together and she is in the process of selling her house - again my name is not on her title deeds - is this correct - I was advised by another lawyer in the spring of 2016 that as long as we both owned our homes Singly this tax would not apply. Please can you help?

Asked on Jan 16 2017, General in Scotland | Report content

Answers (1)

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  • You should speak to Revenue Scotland about this. In England and Wales, as long as your home is your Principle Private Residency and you are paying all the bills (i.e. demonstrate that you have been living there and not renting), there will be no capital gains liability upon sale

    Answered on Jan 18 2017, Report content

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