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History: Home UK Divorce Forum
Do I have to pay tax on my equity share? (3 Posts)
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20 May, 2017 12:31PM
Do I have to pay tax on my equity share?
xhikarux - 20 May, 2017 12:31PM
Right so current situation is that current husband is unable to pay my share in a lump sum, does not want to remortgage or sell etc etc lots of tandrums...

So I'm happy with him paying this amount after all our calculation it's around £5600 which can be divided and paid in monthly instalments, but what I'm not happy about is the period it takes to pay off. Which is bloody 15 years! I was told to charge annual interest on top, at least 1% annnualy. Does anyone know if I have to pay tax? Or something? Cos I'm earning like £560 annually from interest. :s
Re: Do I have to pay tax on my equity share?
HatMan - 20 May, 2017 06:37PM
That is ridiculous - the fact that he doesn't WANT to remortgage is irrelevant, if the award for you is £5,600 then he should bloody well pay it!

Jeez - it would only add peanuts to his mortgage payments - and frankly I reckon he is doing it just to maintaing control, no court would back that payment plan up.
Re: Do I have to pay tax on my equity share?
xhikarux - 20 May, 2017 07:26PM
Sorry I left an 0! It's £56000 my serious error! Sorry

Edited 2 time(s). Last edit at 21/05/2017 11:02PM by xhikarux.
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