Settlement and investment advice please.........

[answerbanker]

I am due to sign over my house to my husband as we seperated a few years ago. We have agreed that I will receive a share of the equity of my house and I have this in writing from his solicitor along with a ID1 form to complete. The sum is £37500,
Will I have to pay anything to the taxman for this ?? (I work full time - dont claim any benefits). No children involved.
Where would be the best idea to invest the money ??

[buildersmate]

Capital gains from your principle private residence in the UK (the house you lived in) are not subject to capital gains tax. So provided you were both named on the title deeds of the property (and I assume you were as you refer to signing over) there is no liability for tax.

Regarding where to put the money, you talk about investing it rather than depositing it in a bank/BS. Since one has to registered with the FSA to give investment advice, I'm sorry but I can't comment.

[answerbanker]

thankyou for taking the time to answer me BM - much appreciated !!

[jjland678]

land :) land gone up 25 years in a row, and go up lots even in these hard times, i have a handful of investors that have invested in land, and sit back and make lots, i buy and then sell land for them, want lots of advice you can contact me on [email protected]