My wife is considering buying me out of a shared asset - former family home - and I am looking to understand the rules around capital gains tax.
The property was our family home, however we moved out - as a family - almost three years ago in August 2017. The mortgage structure is consent-to-let and we rent it out. We had lived there for 7 and a half years and had two children while living there.
If my wife buys me out of my portion of the property, will I have to pay capital gains as I realise some of those gains? Will my wife need to pay capital gains as she also realises some of those gains?