My family and I wish to split, and now have agreed in theory that she’s going to spend me personally half the worth of the home we share and I’ll move away. As she’s got simply inherited a lot after her father’s death she will do that. We now have paid down the home loan. We now have 5 kids all over 21, four of them residing in the home, working, and having to pay their share regarding the outgoings.
I’m 67 and also have just retired, she’s 58 and works time that is part-full a decent wage, and does not wish to throw in the towel work.
My questions are:
Just just What formalities do we are in need of in purchase to impact the buyout? Could it be determined by appropriate separation / divorce or separation?
Is any stamp duty due with this purchase?