Sign up to get our free landlord tax strategies


To receive our seven FREE landlord tax saving strategies just simply complete the form below and the first strategy will be emailed to you immediately.

Sign up to get our free landlord tax strategies

Thank You!

Seven FREE property tax busting strategies reveal the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions

Do I have to pay tax on the money I receive after a property buy-out?

Question My partner has an agreement from our building society to re-mortgage our currently jointly owned home, in effect buying me out. I will transfer ownership to him and take a sum of money from the remortgage. The amount I receive will be about £45,000 and I wondered will I have to pay any tax on this?

Arthur Weller replies:
From what I understand you are not married. If so, your sale of your half of the house to your partner will be subject to capital gains tax, if the amount you sell to your partner for is more than the original price paid for your half. However since you live in the property (you mentioned it is your home) most probably you have principal private residence relief available to you, so that you don't pay any tax.


Property Tax Insider This sample question and answer is taken from Property Tax Insider, a monthly UK tax saving magazine for landlords and property investors.

The first issue is free so click here to try today!

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question