UK Landlord Forum / Life

Hi all

Just joined up, I was wondering if anyone could advise me, I and my friend own 50% each of our buy to let place and she has asked me to buy her out, I was wondering how we would go about sorting this out?

And any tax/ Capital gains involved?

All advice greatly appreciated.

Thank you.

You would need to get a valuation first,then agree on a price.You  should instruct separate solicitors.I am pretty sure you will be charged your share of CGT,you will have to inform HMRC after completion to calculate this.

I think heavykarma means your friend will be charged the cgt.