CGT Question Mortgage

No. Well, not necessarily. She may have been a paper co-owner but it's likely that you were the benficial owner all along, and she was really little more than a guarantrix.

In message , Ronald Raygun writes

'guarantor' is not gender specific.

I will now have nightmares about drawix, payix, mortgagtrix.............

Isn't it? It has a nice ring to it, though, like executrix.

I'd worry more about getting sex

and gender mixed up.

Thanks for the reply, another point I have is but how does the inland revenue know that you are remortgaing and the title deeds are changing? is it the building society/bank that passes on that info ?

Aaron

They don't usually know or care that you're remortgaging, and a nominal change of title to help facilitate a remortgage is usually of no tax consequence.

In message , Timothy Lee writes

Yes.

You will have. "Executor" IS gender specific which is why I omitted it from the above list.

The changes will have to be recorded at the Land Registry.

Any tax liability is the responsibility of the taxpayer(s) - including notifying the IR of chargeability. Interest, penalties and (possibly) jail await the evader.

Hmm, guarantress doesn't sound too bad either.