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capital gains

steifanc · 2009-08-20 22:57:32

hi all , so i have come across a problem i may experience with capital gains. my self and my partner "intended spouse " have acquired planning permission on a site that i bought and both the planning and the site is in my name only. my past company in construction has left me with a shaky credit score . and in these times…

20-08-2009 10:57pm

#1

steifanc

Registered Users, Registered Users 2 Posts: 235 ✭✭

Join Date: September 2007

Posts: 217

hi all ,
so i have come across a problem i may experience with capital gains.
my self and my partner "intended spouse " have acquired planning permission on a site that i bought and both the planning and the site is in my name only.
my past company in construction has left me with a shaky credit score . and in these times with the banks being as cagey as they are i am unlikely to get a mortgage , but my partner can and she can get enough on her own to cover the build .
but because its my name on the site and the site is being used for collateral i need to be on the application . if it transfered it to her she is subject to gains tax , is this right ? is there any way of lowering the tax ? we both live on the site too ??
thanks

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