I have owned a property for the past 27 years with my ex-husband. I have had my name on another property for the past eight years, although I have not put any money into it. If I agree to my ex-husband buying me out, will I have to pay capital gains tax? 

Arthur Weller replies:  

If this property that you want to transfer to your ex-husband is worth more today than it was when you first acquired it, you will have to pay capital gains tax (CGT) on the transfer. However, if you lived in the property as your principal private residence (PPR), then PPR relief will be available in respect of the CGT attributable to the years you lived in it.