The UK's largest and most visited divorce site.
Modern, convenient and affordable services.
We've helped over 1 million people since 2007.

Click this button for details of our

email, phone nbr and free consultations.

How To Contact Us

Consent Order and Decree Absolute

Start
Prev
1
Next
End

Snowmonkey
Posted by
New Member

01 May 21 #516591 by Snowmonkey

Topic started by Snowmonkey

Hi

I’m buying ex out of marital home. After the Consent Order has been stamped by the Court, is it better to get the house equity & mortgage transferred into my sole name before I apply for Decree Absolute?

I understand that interspousal transfers whilst married are CGT free.

Thank you

WYSPECIAL
Moderator

02 May 21 #516594 by WYSPECIAL

Reply from WYSPECIAL

More usual to do it afterwards within time scales set within the consent order.

If you transfer the property into your sole name while still married it remains a marital asset. The cash you give you soon to be ex may be diminished before you get a consent order and they’ll then want a bigger share of the house.

Start
Prev
1
Next
End

Moderators: wikivorce team, rubytuesday, dukey, hadenoughnow, Tets, Shezi, Linda Sheridan, Forseti, Mitchum, WhiteRose, Lostboy67, WYSPECIAL, Bubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.