I am hoping someone can clear this up for me so I can settle my affairs. I had a joint BTL with a relative. Lease was (and still is ) joint names. I sold my half to my relative at market value. Paid the CGT. A new mortgage was acquired and the property is in her name only. I did not ask for any money for my half of the gain. I understand that would become aprt of my estate.
The rent is still being paid into the previous joint account, but I have never taken a single penny out of the account and she just leaves the money in the account as well, saving it to pay off the mortgage one day.
I am getting completely confused over the settlements rules s624 - and if I have fallen foul of them I would rather sort matters out now than later. I am getting stressed over the, if there are "conditions" then the income is the settlors. The property was correctly sold, taxes paid, there is no condition that I have imposed or acted out that I have any benefit from the property or income .
Thanks in advance.