transfer equity

[annieplum]

I am finalising a transfer of equity after a divorce, my ex- partner has obtained a mortgage offer, I have no solicitor, and my ex-partner and his new wife has a conveyancing solicitor.
I have been sent a transfer of equity form (TR1) which transfers my shares to him and his new wife for an agreed price just below the 40% agreed on the consent order dated june 2006 . In which we agreed to put house on the market however as the house has not sold he is now buying me out. Wil I have to pay any tax on the amount paid to me for my shares.

[angeldraws]

Hi - you might wanna put this in the 'law' section... x

[annieplum]

Thank you do you know how I transfer or doI have to submit question again x

[Velvetee]

You may need to reword your post slightly and also the title to post in another section, or it tends to get deleted as a duplicate question.

I would have thought, if the property was your main place of residence, you shouldn't have to pay Capital Gains tax on the profit. However, I could be wrong and it might be in your best interests to also find yourself a solicitor.