Hi! I'm new to this forum, and although my Consent Order has gone through the courts, I just have a question around the proceeds of a charge on my FMH.
I left the property in October 2005, and have now transferred the house into my ex-wifes name, but have a charge for 21.9% of the sale price of the house. My name is still on the mortgage of the FMH, and I effectively pay for this with my spousal maintenance.
Because of this, I do not own any other house, or pay for any other mortgage (can't get one!) and currently rent.
My question is this:
Do I have to pay capital gains tax when she sells the house, or one of the triggers is actived against the charge as this is the only house I have ever invested in?
Thanks Fiona and Sera, but I'm not sure that answers the question. I've heard of a Mesher order, but I don't think that's what I has as my ex-wife has the property in her sole name with the charge against it at the land registry.