UK Tax Questions? Ask a UK Tax Advisor for answers ASAP
Thanks for your question - I am Sam and I am one of the UK tax experts here on just Answer.
I am afraid there is no way around the capital gain position as there was a time when this has not been your mian residence and it is this time that forms the capital gain position.
However may I ask when did you and your husband separate and what date you plan to make this transfer, and when it was decided (formally) that this property would transfer into your husbands name, and I can see if there is scope to reduce this for you
Also when this property was bought
What dates it had been your home
Whether it was ever let out to tenants and any rental income declared to HMRC (with dates)
Then I am afraid capital gains will arise as unless this had taken place in the year of separation (tax year) then you would have been exempt on this, due to the fact you are still treated as husband and wife in the tax year you separate and this allows an exemption with transfer of assets between spouses.
So you would want to ensure that you build in the cost of any capital gains tax into the dividing up of assets and monies - so that the cost of this is shared equally to balance matters up.
As there is sadly no way around this arising -
Let me know if I can be of any further assistance