A
ayman
Guest
This is indeed a very complicated and difficult situation I have found myself in.
In 2005 my ex-partner and I purchased 2 properties, however I did not want to purchase any, and to a point of trust and bullying I eventually signed. We bought a property from his mother which was put in joint names, however, as the other one was bought too, I told him I wanted my name off. He said no problem, however I stupidly forgot about it. We moved into the other property which was put into my name, as i was a first time buyer, and therefore no stamp duty was paid. I have to say I was extremely naive, stupid and trusting at the time.
Needless to say we separated in 2007 and I stayed in the property till 1/10/2009 when it was rented out.
Referrring back to the property in the first paragraph, I began to see sense as I wanted my name off. I had paid nothing into it, and do not want anything out of it. I did not (and still dont) know any detalis, tenants, rent, etc. I also found out that I had signed a remortage for 38, 000 in 2006 which went on another of his properties. At the time, I thought I was signing for a change of mortgage lenders. We had gone to his solicitor, and nothing was explained to me. I cannot get my name off as he does not have the funds, so myself and him signed an Indemnity form through my solicitor, stating that I should not be liable for any costs etc.
I have now declared the other property for tax,and said that he should be liable for the other half as its joint mortgage, but as I know no details of the other property did not put that one down. I doubt he is paying tax on
any of his properties.
Will I be liable for tax on the other property, it comes out of his account?
In 2005 my ex-partner and I purchased 2 properties, however I did not want to purchase any, and to a point of trust and bullying I eventually signed. We bought a property from his mother which was put in joint names, however, as the other one was bought too, I told him I wanted my name off. He said no problem, however I stupidly forgot about it. We moved into the other property which was put into my name, as i was a first time buyer, and therefore no stamp duty was paid. I have to say I was extremely naive, stupid and trusting at the time.
Needless to say we separated in 2007 and I stayed in the property till 1/10/2009 when it was rented out.
Referrring back to the property in the first paragraph, I began to see sense as I wanted my name off. I had paid nothing into it, and do not want anything out of it. I did not (and still dont) know any detalis, tenants, rent, etc. I also found out that I had signed a remortage for 38, 000 in 2006 which went on another of his properties. At the time, I thought I was signing for a change of mortgage lenders. We had gone to his solicitor, and nothing was explained to me. I cannot get my name off as he does not have the funds, so myself and him signed an Indemnity form through my solicitor, stating that I should not be liable for any costs etc.
I have now declared the other property for tax,and said that he should be liable for the other half as its joint mortgage, but as I know no details of the other property did not put that one down. I doubt he is paying tax on
any of his properties.
Will I be liable for tax on the other property, it comes out of his account?