Post by jill on Apr 10, 2012 19:17:25 GMT 1
I have just sold my property in Italy after 27 years of ownership. I bought it in my name although I was married at the time.
However, apparently, there is a 'new' law that states that any British citizen who owns property abroad, when selling has to have their spouse's signature to sell and the property spoils are theoretically shared 50/50. This will also apply should my husband sell his property - I will be required to sign and theoretically am a 50% owner.
We have been involved with property here in Italy for the last 25 years and it is only this year that this law has been implemented...does anyone know if it is the same in Croatia. They say it is an English law so one assumes it would be applicable. It does raise lots of other questions though...like/ is the spouse legally liable for mortgage repayments, debts etc even though their names are not on deeds.
Anyway, it doesn't really affect us as we have no intention of separating and bought in separate names for fiscal and residential reasons at the time but it I would think it could be problematic for some couples. Anyone know anything, Carol???
However, apparently, there is a 'new' law that states that any British citizen who owns property abroad, when selling has to have their spouse's signature to sell and the property spoils are theoretically shared 50/50. This will also apply should my husband sell his property - I will be required to sign and theoretically am a 50% owner.
We have been involved with property here in Italy for the last 25 years and it is only this year that this law has been implemented...does anyone know if it is the same in Croatia. They say it is an English law so one assumes it would be applicable. It does raise lots of other questions though...like/ is the spouse legally liable for mortgage repayments, debts etc even though their names are not on deeds.
Anyway, it doesn't really affect us as we have no intention of separating and bought in separate names for fiscal and residential reasons at the time but it I would think it could be problematic for some couples. Anyone know anything, Carol???
